Żabka dividend recap to close imminently
Polish convenience store operator Żabka Polska is expected to close its dividend recap imminently, according to market participants. Bankers have compared the deal to the dividend recap transaction that Polish e-commerce platform Allegro completed in May.
The transaction will grow Żabka’s existing facility by Z1.8bn (€423m), according to bankers familiar with the trade. Żabka raised a Z2.7bn loan in 2017 for its leveraged buyout by CVC Capital Partners from Mid Europa Partners.Most of the documentation on the transaction has been signed, though the deal is ...
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