Iliad’s €2.2 Billion Acquisition of Play Communications

White & Case LLP advised Play Communications SA (Play) and its reference shareholders Novator and Olympia on the deal. Bredin Prat advised Iliad

ILIAD SA executed a €2.2 billion all cash public tender offer for all of the shares in Play Communications, the leading mobile network operator in Poland with over 15 million customers and a 28 percent market share.

Founded in 2004 by Icelandic entrepreneur and international investor, Thor Björgólfsson, Novator specialises in investing in companies across the telecommunications, health and media/technology sectors.

Olympia is an international investment group with a presence in ten countries and internationally active in the retail, manufacturing, distribution, business software, telecommunications and real estate sectors.

Founded in 1990, Iliad S.A. is a French provider of telecommunication services. It is based in Paris and its operations comprise fixed and mobile telephony services, prepaid phone cards and internet access providing and hosting services.

The White & Case team which advised Play on the transaction was led by partner Ian Bagshaw (London; Picture) and included partners Marc Israel (London) and Marcin Studniarek (Warsaw), local partner Rafal Kaminski (Warsaw), counsel Jakub Gubanski and Grzegorz Jukiel (both Warsaw) and associates Ben von Maur and Elena Ruggiu (both London) and Damian Lubocki (Warsaw).

Involved fees earner: Ian Bagshaw – White & Case; Alexandre Balat – White & Case; Ben von Maur – White & Case; Jakub Guba?ski – White & Case; Marc Israel – White & Case; Grzegorz Jukiel – White & Case; Rafa? Kami?ski – White & Case; Damian Lubocki – White & Case; Elena Ruggiu – White & Case; Marcin Studniarek – White & Case; Guillaume Vitrich – White & Case;

Law Firms: White & Case;

Clients: Novator Partners LLP; Play Communications;