IFLR1000

Shawbrook Bank LSE IPO

1/4/2015
IPO
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£ 725 million

$ 897.958 million

Completed

1/4/2015

Overview:

  • Shawbrook has launched an IPO on the LSE.
  • The firm offered a 25% stake in the bank, with shares priced at 290p each. The deal values the bank at £725 million.
  • The bank is backed by private equity firm Pollen Street Capital and is one of the so-called 'challenger banks', new lenders entering the UK market to lend to SMEs and retail customers.
  • Bank of America Merill Lynch and Goldman Sachs acted as underwriters.

Sam Duke - Editor

Jurisdiction:

United Kingdom

Deal type:

IPO

Practice area:

Capital markets : Equity

Industry sector:

Banking

Firms:
Freshfields Bruckhaus Deringer

Party: Goldman Sachs (Underwriter)

Party: Bank of America Merrill Lynch (Underwriter)

Lawyer: Julian Makin

Macfarlanes

Party: Shawbrook Group (Management)

Lawyer: Harry Coghill

Paul Weiss Rifkind Wharton & Garrison

Party: Shawbrook Group (Issuer)

Lawyer: Mark Bergman

Slaughter and May

Party: Shawbrook Group (Issuer)

Lawyers: David Johnson, Guy O'Keefe, Jan Putnis

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