Shearman & Sterling LLP
Shearman & Sterling LLP advised the underwriters in the initial public offering of shares of Stabilus S.A. on the Frankfurt Stock Exchange
Shearman & Sterling LLP / Key word(s): IPO Shearman & Sterling LLP advised the underwriters in the initial public offering of shares of Stabilus S.A. on the Frankfurt Stock Exchange Shearman & Sterling advised Commerzbank, J.P. Morgan, Société Générale and UniCredit Bank AG on the initial public offering of shares by Stabilus S.A. (“Stabilus”) on the Frankfurt Stock Exchange. The placement volume amounted to approximately EUR 227.3 million (around EUR 261.4 million if the greenshoe option is fully exercised). The existing Stabilus shares traded on the regulated market (Prime Standard) of the Frankfurt Stock Exchange for the first time on May 23, 2014. Approximately 3 million new shares from a capital increase were admitted to trading on May 27, 2014. Based on the issue price of EUR 21.50, Stabilus has a market capitalization of approximately EUR 445.6 million As a globally active automotive and industrial supplier, Stabilus develops and produces electromechanical drives, gas springs and dampers. The company is headquartered in Koblenz and employs approximately 4,000 people worldwide. In the 2012/2013 business year Stabilus generated revenue of approximately EUR 460 million. The Shearman & Sterling team included partner Marc Plepelits, counsel Ulrich Weidemann and associates Martin Schmidt and Simon Weiß (all Capital Markets, Frankfurt), as well as partner Kristen Garry and Associate Judy Fisher (both US-Tax, New York). In 2013, Shearman & Sterling represented J.P. Morgan, Commerzbank and UBS in connection with a comprehensive refinancing for the Stabilus Group, consisting of a high yield bond and a revolving credit facility. End of financial news 28.05.2014 Dissemination of a Corporate News, transmitted by DGAP – a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
270962 28.05.2014 |