Poland's Allegro to raise €470m as local bank gets top spot

By Mariam Meskin
02 May 2019

Allegro, the Polish e-commerce platform, is raising Z2bn (€470m) in a dividend recapitalisation, according to bankers. The deal, one of the biggest CEE loans in this year’s pipeline, is being led by three local and international lenders, although some market participants said the Polish banks would be capable of providing all the money.

Bank Pekao, JP Morgan and Goldman Sachs are bookrunners, bankers familiar with the deal have confirmed. Although Bank Pekao was on the original loan, it took a smaller ticket, according to Dealogic data. 

Allegro raised Z5.14bn (then $1.2bn) in December 2016 to support its leveraged buyout (LBO) by private equity firms Cinven, ...

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