The Filip & Company law firm provided legal assistance to the Digi group in relation to the initial public offering and listing of shares of Digi Spain Telecom S.A.U., the group’s Spanish subsidiary, on the stock exchanges in Barcelona, Bilbao, Madrid, and Valencia.
The company is valued at approximately EUR 1.66 billion following the offering, marking one of the most significant transactions on the European capital market this year.
The offering includes a capital increase through the issuance of new shares worth approximately EUR 150 million, as well as a secondary offering of existing shares worth approximately EUR 137 million, with the possibility of an additional over-allotment.
“It’s a truly exceptional achievement. A subsidiary of a Romanian entrepreneurial company has become one of the leaders in the telecom market in one of Europe’s largest and most competitive markets. This is something that has been built over the long term through hard work and inspiration, under very difficult conditions, demonstrating the talent of the DIGI team and its ability to overcome a wide variety of obstacles. Digi Spain’s listing and the success of the offering confirm this journey and the extraordinary trust that Digi has built in Spain and among the international investor community, while also marking the first IPO of a company with Romanian origins on another major European capital market. We are honoured to have had the opportunity to assist Digi with this project, and we thank them for their trust and for the excellent collaboration,” said Alexandru Bîrsan, managing partner at Filip & Company.
Digi Spain is one of the most dynamic telecom operators on the Spanish market, and its listing represents an important step in its strategy to grow and strengthen its market position. The offering was conducted through an international bookbuilding process targeting institutional investors, with the offering price set at EUR 5.60 per share.
The Filip & Company team involved in the project was coordinated by Alexandru Bîrsan (managing partner) and Anca Bădescu (senior associate) and included Bianca Gheorghe (associate) and Georgiana Lazăr (associate), while financing matters were handled by Rebecca Marina (partner).
The Uría Menéndez law firm advised the issuer on matters of Spanish law, while Weil, Gotshal & Manges (London) advised on matters of international law.
Over the last years, Filip & Company has successfully participated in many benchmark transactions on the capital markets in Romania and the wider region, whether they were share or bond offers, as well as in all the bond issues of the Romanian State on external markets. The Filip & Company lawyers are ranked first in the most prestigious international directories - Chambers and Partners, Legal 500 and IFLR in the Capital Markets practice, both as a team as well as individually, and Alexandru Bîrsan is included in the Legal 500’s “Hall of fame” for this practice area.
Filip & Company
Filip & Company is one of the leading law firms in Romania, providing top-quality assistance in all relevant areas of business law for companies operating in—or considering—Romania. Specialised in complex projects that require an innovative approach, Filip & Company's lawyers have significant experience in diverse areas, such as infrastructure and concessions, mergers and acquisitions, energy, corporate, real estate, competition law, finance, and capital markets, as well as labour law, data protection, and consumer or environmental protection. The firm also provides legal assistance and representation in disputes and arbitrations with significant implications for their clients’ businesses. Please visit www.filipandcompany.com to find out more about Filip & Company’s expertise areas and team.
