Cuatrecasas advises banks and financial entities on Soltec´s IPO

Cuatrecasas has advised Santander and Caixabank, as well as JB Capital and Berenger, on Soltec´s IPO, scheduled for today, Wednesday 28 October, for an initial amount of €150 million

Soltec Power Holdings is expected to debut today on the stock market at a price of 4.82 euros per share, the maximum expected, which represents a market capitalisation of more than €440 million, according to the company.

Today at noon, Raul Morales, CEO and founding partner of Soltec Power Holdings, will make the traditional bell ringing at the Palacio de la Bolsa in Madrid, and the shares will start trading under the ticker “SOL”.

The price of the offer to employees has been established at 4.34 euros per share. The company will issue shares for an initial amount of €150 million, and the offer will be extendable in shares for an additional €15 million in the event that the greenshoe purchase option granted by its main shareholder is exercised.

Soltec is a Murcia-based company that manufactures photovoltaic components, that made a profit of €1.3 million last year, has 1,320 employees and is present in 14 countries, including the USA, Egypt, Israel, Australia, China and India.

Cuatrecasas´ team was led by Madrid office M&A partners Juan Aguayo (pictured left), José Luis Rodríguez (pictured top right) and Ignacio Escrivá (pictured bottom right).


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