WARSAW – 7 February 2025 – Greenberg Traurig advised Diagnostyka S.A. (the “Company” and, together with its subsidiaries, “Diagnostyka Group”), a leading provider of diagnostic services, on the initial public offering (IPO) of the Company’s shares and the admission of some shares to trading on the regulated market operated by the Warsaw Stock Exchange.
The value of the shares sold in the IPO amounted to nearly PLN 1.7 billion, making it one of the largest IPOs in Poland in recent years. The capitalization of the Diagnostyka Group based on the IPO price is over PLN 3.5 billion.
The IPO of the Company included a retail and institutional public offering in Poland, as well as an institutional offering for investors outside of Poland in accordance with Rule 144A and Regulation S under the U.S. Securities Act. Greenberg Traurig provided comprehensive legal advisory services to the Company in connection with the preparation and execution of the IPO.
“Congratulations to Diagnostyka Group and all the involved parties on the successful completion of this IPO which due to its scale and nature has the potential to serve as this year’s benchmark for the Warsaw Stock Exchange and the private equity market. Our capital markets team is thrilled to have had an opportunity to assist our Client in this demanding process and would like thank them for their trust” said Lejb Fogelman, Senior Partner from the Warsaw Office who provided strategic overview of the transaction.
The transaction is led by Partner Paweł Piotrowski from the Capital Markets Practice, who together with Partner Rafał Sieński is supported by Counsel Agnieszka Stopińska, Senior Associate Grzegorz Socha and Associate Kamil Nagawski. Advice on US and English law was provided by lawyers from Greenberg Traurig's London office – Partner Dorothee Fischer-Appelt, Partner James Mountain, Associate Charlotte Osborne and Legal Clerk Jack Naftalin.
Diagnostyka Group is a leading provider of diagnostic services in Poland. It has been operating in the market for 27 years and enjoys the highest brand recognition. Its extensive network of more than 1,100 own blood collection points, 156 diagnostic laboratories and 19 diagnostic imaging labs enables it to provide easily accessible and comprehensive services. The Group serves both the B2B and B2C segments with professional services that include collecting and transporting biological material, performing tests, and delivering results of the highest quality medical analysis in the shortest possible time. The Diagnostyka Group has built one of the most recognizable health care brands in Poland. Annually, the Group serves more than 20 million patients (understood by the Group as the total number of patients served per day per year), performing more than 140 million tests.
Greenberg Traurig is recognized as a longstanding leader in Poland with respect to capital markets. For many years, the Warsaw Capital Markets Practice has been consistently ranked at the very top by leading international directories: Chambers Global, Chambers Europe, Legal 500, as well as IFLR 1000. The Practice offers clients an unparalleled breadth of experience in all aspects of Polish securities law, allowing for the facilitation of all phases of securities transactions on Polish and international capital markets. Greenberg Traurig Warsaw’s seasoned capital markets professionals are acknowledged leaders in Poland and together make up one of the most experienced teams amongst international law firms in the vibrant Central European market.
Greenberg Traurig LLP
Greenberg Traurig, LLP is a global, multi-practice law firm with more than 2750 attorneys serving clients from 49 offices in the United States, Latin America, Europe, Asia, and the Middle East.
GREENBERG TRAURIG Nowakowska-Zimoch Wysokiński sp.k. was named the 2021 Poland Firm of the Year at the highly esteemed Euromoney Legal Media Group “Women in Business Law Awards 2021 Europe” and the 2021, 2019, 2018 Law Firm of the Year in Poland by International Financial Law Review (IFLR). The Warsaw office of Greenberg Traurig, LLP provides legal services to clients in Central Europe and beyond and consists of approximately 100 lawyers. Team members are regularly recognized as leaders in numerous practice areas. Chambers Global, Chambers Europe, IFLR1000 and EMEA Legal 500 consistently rank them among the top tiers the areas of Corporate/M&A, Capital Markets, Real Estate, Private Equity, Tax, Banking and Finance, Project Finance, Energy, Dispute Resolution, TMT and Competition/Antitrust.
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