GoldenTree Asset Management’s €417 Million Block Trade of Shares in BAWAG Group

Willkie has advised certain selling entities which are owned and controlled by funds and accounts under management by or subject to an investment management agreement with GoldenTree Asset Management LP and its affiliates on the deal.

GoldenTree Asset Management announced the placing of 8.25 million shares of BAWAG Group AG with institutional investors in an accelerated bookbuilding process.

The placement was made to investors in the UK, Europe and the US with proceeds of approximately €417 million, representing approximately 9.25% of BAWAG’s share capital. 

GoldenTree is an employee-owned, global asset management firm that specializes in opportunities across the credit universe in sectors such as high yield bonds, leveraged loans, distressed debt, structured products, emerging markets, private equity and credit-themed equities. 

BAWAG Group AG is a publicly listed holding company headquartered in Vienna, Austria, serving 2.3 million retail, small business, corporate and public sector customers across Austria, Germany, Switzerland, Netherlands and other developed markets. 

The Willkie’s team included Partners Joseph Ferraro (Picture) and Georg Linde and associates David Griffiths and Ida Nizankowska-Polus, who provided capital markets, securities and corporate advice and partner Henrietta de Salis, who provided financial regulatory advice.

Involved fees earner: Henrietta de Salis – Willkie Farr & Gallagher; Joseph Ferraro – Willkie Farr & Gallagher; David Griffiths – Willkie Farr & Gallagher; Georg Linde – Willkie Farr & Gallagher; Ida Nizankowska-Polus – Willkie Farr & Gallagher;

Law Firms: Willkie Farr & Gallagher;

Clients: GoldenTree Asset Management;