Practice Areas - Equity Capital Markets Law Firms and Lawyers
Deal Date: | 06-11-2013 | Practice Area: | Equity Capital Markets |
Deal Title: | Cembra Money Bank AG SIX Swiss Exchange IPO | Industry: | Banks |
Description: |
Slaughter and May advised Cembra Money Bank AG (formerly known as GE Money Bank AG, CEMB), a leading Swiss consumer finance provider, and GE Capital Swiss Funding AG, the previously sole shareholder of CEMB and part of the GE group, on the initial public offering of the majority of CEMB's shares.
CEMB's shares were listed on the SIX Swiss Exchange on 30 October 2013 and trading began on the same day. As part of the IPO, 18 million shares of CHF 1 each were priced at CHF 51 per share, the top of the price range of CHF 43 to CHF 51 per share. An over-allotment option for up to 2.5 million existing shares has been granted. Upon the over-allotment option being exercised in full, the offer size would be approximately CHF 1,046 million and there would be a free float of approximately 68.3%.
Corporate and Commercial: Andy Ryde (partner), Lauren Fahy (associate), Henry Gladwyn (associate), Nick Hyde (associate); Financing: Philip Snell (partner), Afi Nahr-Saam (associate); Tax: Gareth Miles (partner), Emma Gam (associate).
Credit Suisse acted as Joint Global Coordinator and Joint Bookrunner, BofA Merrill Lynch and Deutsche Bank acted as Joint Bookrunners and Bank Vontobel AG acted as co-lead manager.
|
||
Financial Center: | London | Value: | 1000.01-5000.00 |
Advised Party: | Issuer | Law Firm | Slaughter and May |
Issuer Jurisdiction- | Switzerland | Listing Jurisdiction- | Switzerland |
Classification: |
Initial Public Offerings SIX Swiss Exchange |
Lawyer | Andy Ryde |