advises Eurowag on €306 million acquisition of Inelo
Global law firm White & Case LLP has advised W.A.G payment solutions a.s., a wholly owned subsidiary of Eurowag, on the acquisition of 100 percent of the share capital in Grupa Inelo S.A. (Inelo) for an enterprise value up to €306 million from Innova Capital, European Telematics Holding and certain other vendors.
The acquisition is a Class 1 transaction for Eurowag under the Listing Rules and is expected to complete during the first quarter of 2023 upon, among others, obtaining approval from Eurowag’s shareholders.
White & Case previously advised on Eurowag’s £186 million initial public offering on the London Stock Exchange, which completed in November 2021.
Eurowag is a leading pan-European integrated payments and mobility platform focused on the commercial road transportation industry. Inelo is a leading fleet management solutions and work time management provider in Poland and Slovenia.
The White & Case team which advised on the transaction included partners Rafał Kamiński, Marek Sawicki (both Warsaw) and Inigo Esteve (London), local partner Jakub Gubański (Warsaw) and associates Damian Lubocki, Adam Marszałek, Maciej Gac and Radomir Szewczuk (all Warsaw).
