IFLR1000

Hastings Insurance Group LSE IPO

30/10/2015
IPO
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£ 1.1 billion

Completed

30/10/2015

Overview:

  • Hastings Insurance Group has undertaken an IPO on the LSE, which values the company at £1.1 billion.
  • The company has sold 18.8% of its share capital in the offer.
  • Credit Suisse and Goldman Sachs are acting as global coordinators on the deal with Barclays Capital and HSBC acting as bookrunners.

Sam Duke - Editor

Jurisdiction:

United Kingdom

Deal type:

IPO

Practice area:

Capital markets : Equity

Industry sector:

Insurance

Firms:
Allen & Overy

Party: Credit Suisse (Global coordinator)

Party: Goldman Sachs (Global coordinator)

Party: Barclays (Bookrunner)

Party: HSBC (Bookrunner)

Lawyers: Adam Wells, David Broadley

Arnold & Porter

Party: Hastings Group Holdings (Shareholder, Seller)

Freshfields Bruckhaus Deringer

Party: Hastings Group Holdings (Issuer)

Lawyer: Christopher Mort

Sullivan & Cromwell

Party: Goldman Sachs (Shareholder, Seller)

Lawyer: Ben Perry

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