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Capital Markets - Equity

Our recent experience includes advising:

Public M&A

  • Clayton, Dubilier & Rice LLC, the US based private investment firm, on its €3.1bn recommended takeover of UDG Healthcare plc, a global leader in healthcare advisory, communications, commercial, clinical and packaging services.
  • Cpl Resources plc, a global provider of talent and workforce solutions, on its €317.8m recommended takeover by Japanese conglomerate OUTSOURCING, Inc.

Initial Public Offerings, Equity Capital Markets Transactions and Direct Listings

  • J&E Davy and Shard Capital Partners as joint brokers on VR Education plc’s share placing raising approximately €9m.
  • Yew Grove REIT plc, which owns a diversified portfolio of Irish commercial property assets, on its step-up from the Euronext Growth Market to Euronext Dublin’s main market for listed securities.

Financial Advisory

  • J&E Davy on its role as sponsor in relation to Dalata Hotel Group’s migration of its listing from ESM and AIM to the main markets of the Irish Stock Exchange and London Stock Exchange.
  • Advising various investment banks on the cash confirmations and Rule 3 adviser engagements mandated by the Irish Takeover Rules, including:
    • Credit Suisse on its role as financial adviser to Aon plc in respect of the proposed merger with Willis Towers Watson plc
    • Morgan Stanley as Sponsor and Financial Adviser to bookmaker Paddy Power on its all-share merger with UK rival, Betfair, creating one of the world’s largest stock market-quoted betting firms;

Reorganisations and Redomiciliations

  • Ardagh Group on the reorganisation of its metal and glass packaging division in advance of the combination of its metal packaging business with Gores Holdings V, Inc, which subsequently listed on the New York Stock Exchange
  • Linde plc on its $70bn merger with Praxair, Inc. and concurrent redomiciliation to Ireland and the subsequent listings on the New York Stock Exchange and the Frankfurt Stock Exchange.

Returns of Capital

  • Cpl Resources on its €25m return of capital to shareholders via tender offer.
  • King Digital Entertainment on its US$150m buyback programme.
  • Initial public offerings
  • Rights issues,
  • Reorganisations
  • Securitisations
  • Secondary placings of shares
  • Restructuring,
  • Redomiciliation
  • Capital reduction solutions
  • Capital markets
  • Elimination of historic deficits
  • Creation of positive reserve surpluses