Milbank LLP advised Qualco Group S.A. (“Qualco” and, together with its subsidiaries, the “Qualco Group”) in connection with its initial public offering (IPO) and listing on the Athens Exchange.
The transaction comprised (1) the offering of new ordinary registered voting shares by Qualco and existing ordinary registered voting shares by the existing shareholders, Amely S.à r.l. and Wokalon Finances Limited; and (2) the listing and admission to trading of all ordinary shares issued by Qualco on the Regulated Securities Market of the Athens Exchange. The transaction was structured as a combined offering of shares (a) to the public in Greece and (b) to institutional investors outside Greece via a private placement (i) in the United States, to qualified institutional buyers under Rule 144A of the U.S. Securities Act of 1933, and (ii) outside the United States, in compliance with Regulation S of the U.S. Securities Act of 1933.
Qualco is the parent holding company of the Qualco Group, which was founded 25 years ago and has evolved into a leading provider of financial technology solutions. The Qualco Group serves over 140 clients across more than 30 countries, delivering technology-enabled platforms, data-driven analytics and customized digital experiences. Its offerings span receivables and credit/lending management, analytics, digital transformation and real estate solutions.
The Milbank team was led by Corporate Finance and Securities partner Apostolos Gkoutzinis and associates Chara Makrygianni and Alexandros Makris. The team also included Global Corporate partner Andrew Nuthall and associate Sophie Hofford, London Tax partner Alan Rafferty and associate Jade Du Berry, and New York Tax partner Andrew Walker and associate Michelle Song.
