Legal DealFolio - SHW AG Initial Public Offering

Allen & Overy LLP advised COMMERZBANK AG and BNP Paribas, as joint global coordinators and joint bookrunners, on the IPO of Aalen-based SHW AG, a leading automotive supplier of CO2-relevant key components (pumps and engine components) and brake pads. A total of 2,630,000 SHW shares were surrendered by existing shareholders and successfully placed at a price of EUR 26. Around 96 percent of the shares were allocated to institutional investors, and around 4 percent placed with private investors. The gross issue volume including the greenshoe option was EUR 68.38 million. Following the IPO, the majority shareholder, SHW Holding L.P., will hold a 53.5 percent stake in SHW AG if the greenshoe option is fully exercised. Free float will constitute 44.9 percent of the shares, with a further 1.5 percent being held by the management and other members of the company. The SHW AG shares were first traded on 7 July 2011 in the Prime Standard of the Regulated Market of the Frankfurt Stock Exchange. The Allen & Overy team comprised partners Dr. Oliver Seiler and Gernot Wagner, together with associates Dr. Martin Kniehase and Rebecca Emory (all Frankfurt, all capital markets). The respective in-house advisers were Ingo Nebel (COMMERZBANK AG) and Christoph Opfermann (BNP PARIBAS). SHW AG was advised by Linklaters.

Deal Date:	07-07-2011	Practice Area:	Equity Capital Markets
Deal Title:	SHW AG Initial Public Offering	Industry:	Automobiles & Parts
Description:	Allen & Overy LLP advised COMMERZBANK AG and BNP Paribas, as joint global coordinators and joint bookrunners, on the IPO of Aalen-based SHW AG, a leading automotive supplier of CO2-relevant key components (pumps and engine components) and brake pads. A total of 2,630,000 SHW shares were surrendered by existing shareholders and successfully placed at a price of EUR 26. Around 96 percent of the shares were allocated to institutional investors, and around 4 percent placed with private investors. The gross issue volume including the greenshoe option was EUR 68.38 million. Following the IPO, the majority shareholder, SHW Holding L.P., will hold a 53.5 percent stake in SHW AG if the greenshoe option is fully exercised. Free float will constitute 44.9 percent of the shares, with a further 1.5 percent being held by the management and other members of the company. The SHW AG shares were first traded on 7 July 2011 in the Prime Standard of the Regulated Market of the Frankfurt Stock Exchange. The Allen & Overy team comprised partners Dr. Oliver Seiler and Gernot Wagner, together with associates Dr. Martin Kniehase and Rebecca Emory (all Frankfurt, all capital markets). The respective in-house advisers were Ingo Nebel (COMMERZBANK AG) and Christoph Opfermann (BNP PARIBAS). SHW AG was advised by Linklaters.
Financial Center:	Frankfurt	Value:	0.00-100.00
Advised Party:	Lead Managers	Law Firm	Allen & Overy
Issuer Jurisdiction-	Germany	Listing Jurisdiction-	Germany
Classification:	Initial Public Offerings Vienna Stock Exchange	Lawyer	Oliver Seiler

Practice Areas -

Equity Capital Markets Law Firms and Lawyers

Practice Areas - Equity Capital Markets Law Firms and Lawyers