WARSAW – 8 May 2025 – Greenberg Traurig advised Benefit Systems S.A. on the public offering of the Company’s 280,000 Series H new issue shares in an accelerated book building process (ABB).
The value of the issuance amounted to PLN 742 million (c.a. EUR 173 million).
The purpose of the share issuance was to raise funds to finance the planned acquisition of the company Mars Spor Kulübü ve Tesisleri İşletmeciliği A.Ş., based in Istanbul, Turkey, a fitness club operator in Turkey. Jefferies GmbH, Santander Bank Polska - Santander Biuro Maklerskie and Banco Santander as well as WOOD & Company Financial Services acted as the joint global coordinators in the transaction.
The share issuance by Benefit Systems S.A. was carried out as a public offering exempt from the obligation to publish a prospectus. Greenberg Traurig provided comprehensive legal support to Benefit Systems S.A. in the execution of the transaction.
The Greenberg Traurig cross-border team was led by Partners Rafał Sieński and Paweł Piotrowski and included Senior Associate Grzegorz Socha and Associate Szymon Świerszcz. The London office team was led by Partner Dorothee Fischer-Appelt and included Partner James Mountain and Senior Associate Charlotte R. E. Osborne.
Benefit Systems is listed on the main trading floor of the Warsaw Stock Exchange since 2011. The flagship product of the company is the MultiSport programme, which enables having an active and thus healthy lifestyle thanks to an access to over 5 500 sports and recreation facilities in more than 800 Polish towns and cities. The Group operates more than 300 fitness clubs domestically and in foreign markets. In total, the sports products of the Group are used by more than 2 million users in Poland and abroad.