Clifford Chance advises on the initial public offering and listing of shares of Verisure
Clifford Chance is advising Corporación Financiera Alba on Verisure’s initial public offering and listing of shares on Nasdaq Stockholm. Corporación Financiera Alba is a significant minority shareholder in Verisure since its initial investment back in 2019.
The IPO marks the largest-ever European private equity-backed IPO and the pricing for the IPO has been set at €13.25 per share, corresponding to a total market capitalization of the company of €13.7 billion. Verisure develops monitored security systems for homes and small businesses in Europe and Latin America. Securitas Direct is part of the Verisure group, and one of the leading security providers in Spain.
The firm team that is advising Corporación Financiera Alba is led by Private Capital/M&A partner Samir Azzouzi and senior associate Pablo Hernández, with the support of senior associate Francisco Pizarro, senior counsel Roberto Grau and associate Nagore Ayerza. Advice is also being provided by Luxembourg counsel Lauren Harris, and associates Cristina Mudure, Ramona Willems and Marie Georg.
