Bird & Bird advises DP Poland Plc on its £20.5 million fundraising

Bird & Bird is pleased to announce that it has advised DP Poland Plc on its £20.5 million fundraising through a direct subscription of approximately £11.0 million by Domino's Pizza Group Plc, a placing of £8.5 million, and a separate retail offer to existing shareholders in the way of £1.0 million (the "Fundraise"). The placing, by way of an accelerated bookbuild process, was undertaken by the Company's broker Singer Capital Markets Securities Limited ("SCM"). SCM is also acting as Retail Offer Coordinator for the Company in connection with the Retail Offer. The Fundraise is conditional upon the approval by shareholders of certain resolutions required to facilitate the Fundraising at a general meeting of the Company to be held on 18th April. 

DP Poland Plc, the operator of pizza stores and restaurants across Poland and Croatia, continues to accelerate its growth strategy. Following the acquisition of Dominium SA in Poland in January 2021 and All About Pizza d.o.o in Croatia in July 2022, the Group currently operates 111 Domino's Pizza stores and restaurants across Poland and 5 in Croatia. Over the last 12 months, the Company has been able to lower delivery times by 4% (in FY 2023 YoY), increase orders and improve repeat business. The fundraising will be used to open or relocate 45-50 more stores in Poland and Croatia, upgrade c.25-30 stores in Poland, and support cost optimization projects and further digital transformation. 

The Bird & Bird team was led by Clive Hopewell (Head of International Capital Markets), Edward Reardon (Senior Associate) and Amy Donlevey (Associate). 

Clive Hopewell commented: “We are delighted to have supported our longstanding client DP Poland Plc in this significant fundraising on the AIM market. We acted for the company on its acquisition of  the Dominium SA pizza chain in Poland in January 2021 and it is very pleasing to see how the company has successfully used its Aim listing to raise further growth capital for its successful store roll out. We have been able to combine Bird & Bird's capital market's capability and our international retail & consumer sector expertise to assist the company with this exciting transaction.”

Graeme Payne, Head of the International Retail & Consumer sector group, added: “Congratulations to the client and Clive and the team for supporting this transaction. This further highlights the strength and depth of our international corporate team and in particular our focus and expertise in the Retail & Consumer sector and in particular the food & beverage sector. Our continued corporate activity in the sector is a true testament to our One Firm approach to supporting international clients.”