Freshfields guides Allfunds´ IPO
Freshfields Bruckhaus Deringer has advised Allfunds and its majority shareholders Hellman & Friedman and GIC on its IPO on Euronext Amsterdam
Through a public offering to institutional investors, 29.9 per cent of the equity owned by existing shareholders Hellman & Friedman, GIC, Credit Suisse and BNP Paribas was placed on the market at an initial price of €1.5 per share, valuing the company at €7.24 billion.
Allfunds is one of the world’s largest global B2B mutual fund distribution platforms, with over 1.2 billion assets under management, access to some 1,500 distributors in 59 countries, a selection of approximately 100,000 funds and 15 offices in Europe, Asia, Latin America and North America.
Freshfields also advised Hellman & Friedman and GIC on the acquisition of Allfunds in 2017, and similarly advised Allfunds on both the acquisition of Credit Suisse’s institutional mutual fund platform, Credit Suisse Investlab, and its strategic alliance with BNP Paribas in 2019.
A cross-border team, based in London, Madrid and Amsterdam, has been closely involved in the transaction, with Global Transactions partners Nick Jones and Tim Wilmot in London, David Franco (pictured left) in Madrid and Hanneke Rothbarth in Amsterdam leading the transaction. In Madrid, Labour partner Raquel Flórez (pictured centre) and Tax partner Bosco Montejo (pictured right), and Global Transactions lawyers Carla Gómez, senior associate, and associates Asís Martín de Cabiedes, Mario Pacini, Javier González and Íñigo Ríos also participated in the transaction.
