IFLR1000

Befesa Frankfurt Stock Exchange IPO

3/11/2017
IPO
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Announced

3/11/2017

Overview:

  • Steel dust recycling business Befesa has undertaken its IPO on the Frankfurt Stock Exchange.
  • Befesa is controlled by private equity fund Triton, which sold 14.3 million shares in the company for €28 each.
  • Citigroup, Goldman Sachs and JP Morgan were joint global coordinators and bookrunners.
  • Berenberg, Commerzbank, Santander and Stifel were bookrunners.

 Katrin Kostadinova - Data analyst 

Jurisdictions:

Germany
Luxembourg

Deal type:

IPO

Practice area:

Capital markets : Equity

Governing laws:

Germany
Luxembourg

Industry sectors:

Industrials and manufacturing
Utilities

Firms:
Clifford Chance

Party: Citigroup (Joint global coordinator, Joint bookrunner)

Party: Goldman Sachs (Joint global coordinator, Joint bookrunner)

Party: JP Morgan (Joint global coordinator, Joint bookrunner)

Party: Berenberg (Bookrunner)

Party: Commerzbank AG (Bookrunner)

Party: Santander (Bookrunner)

Party: Stifel (Bookrunner)

Lawyers: Christian Kremer, Christian Vogel, George Hacket

Freshfields Bruckhaus Deringer

Party: Befesa (Issuer)

Party: Triton Investment Management (Financial sponsor)

Lawyers: Mark Strauch (retired), Rick van Aerssen

Latham & Watkins

Party: Befesa (Issuer)

Party: Triton Investment Management (Financial sponsor)

Lawyers: Alexander Lentz, Alexandra Hagelüken, Rüdiger Malaun

Linklaters

Party: Befesa (Issuer)

Party: Triton Investment Management (Financial sponsor)

Lawyer: Manfred Müller

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