Transactions
& Case Studies

Result of filter: 241

Advisory Services: Capital Markets
Industry Coverage: All Industry Coverage
Deal Status: All Deal Status

Ares Management, L.P.’s offering of 5.25% Senior Notes due 2025 by Ares Finance Co. II LLC

Date Announced:
8/18/2015

client:
Ares Management, L.P.

Status:
Closed – 8/2015

Value:
$325 million

Ambridge Hospitality Holdings, LLC’s strategic investment from General Atlantic LLC

Date Announced:
7/13/2015

client:
Ambridge Hospitality Holdings, LLC

Status:
Closed – 7/2015

Value:
Undisclosed

Sophos Group plc’s initial public offering

Date Announced:
6/26/2015

client:
Sophos Group plc

Status:
Closed – 6/2015

Value:
£1.0 billion Read the case study

Exclusive Financial Advisor to Sophos Group plc (and Funds Advised by Apax Partners LLP) on their £405 million Initial Public Offering, giving Sophos Group plc a market capitalisation of £1.0 billion

On June 26, 2015, Sophos Group plc (“Sophos”), a global provider of cloud-enabled end-user and network security solutions focused on the small and mid-market segment, announced the successful pricing of its initial public offering when it listed on the London Stock Exchange at 225 pence per share. After the greenshoe option was exercised, a total of £405 million proceeds were raised, giving Sophos a market capitalisation of £1.0 billion upon listing. This transaction represented the largest UK software IPO in history at that time. Moelis & Company was mandated by Sophos to act as its exclusive financial advisor in connection with the IPO.

Moelis & Company led Sophos through the entire transaction, providing critical advice on matters such as syndicate structure, positioning and pricing. Due to the relative lack of software security companies listed in Europe at the time, Sophos was considered a scarce asset in that region. As a result, Moelis & Company’s advice to list in London, rather than the U.S., allowed Sophos to achieve a premium valuation from European investors. This resulted in an extremely high-quality order book, which was aligned with Sophos’ interests for the future.

Sophos performed strongly in the public markets following the IPO. Given the ongoing momentum in the share price, funds advised by Apax Partners LLP decided to reduce their holding in Sophos via a £159 million accelerated bookbuild offering, completed on December 1, 2015. Moelis & Company was the exclusive financial advisor to the funds advised by Apax Partners LLP on this transaction as well.

Univar Inc.’s initial public offering

Date Announced:
6/17/2015

client:
Univar Inc.

Status:
Closed – 6/2015

Value:
$886 million

Europris ASA’s initial public offering

Date Announced:
5/26/2015

client:
Europris ASA

Status:
Closed – 6/2015

Value:
NOK 3.8 billion

Hutchison Whampoa Limited’s sale of an aggregate 33% stake in the combined businesses of 3 UK and O2 UK to five leading institutional investors

Date Announced:
5/8/2015

client:
Hutchison Whampoa Limited

Status:
Terminated

Value:
£3.1 billion

Superloop Limited’s initial public offering

Date Announced:
4/29/2015

client:
Superloop Limited

Status:
Closed – 6/2015

Value:
A$90 million

Petróleo Brasileiro S.A.’s  (Petrobras) capital markets and debt markets strategies related to Liability Management

Date Announced:
4/22/2015

client:
Petróleo Brasileiro S.A. (Petrobras)

Status:
Closed – 4/2015

Value:
$127.0 billion

360 Capital Group Limited’s initial public offering of 360 Capital Total Return Fund

Date Announced:
4/22/2015

client:
360 Capital Group Limited

Status:
Closed – 4/2015

Value:
A$50 million

Reichhold Industries Inc.’s capital raise

Date Announced:
4/2/2015

client:
Reichhold Industries Inc.

Status:
Closed – 4/2015

Value:
$189 million

Extraction Oil & Gas, LLC’s equity private placement

Date Announced:
3/10/2015

client:
Extraction Oil & Gas, LLC

Status:
Closed – 3/2015

Value:
$155 million

Willis Stein & Partners III, L.P.’s term loan facility

Date Announced:
2/13/2015

client:
Willis Stein & Partners III, L.P.

Status:
Closed – 2/2015

Value:
$70 million

Velocitel, Inc.’s acquisition financing

Date Announced:
2/13/2015

client:
Velocitel, Inc.

Status:
Closed – 2/2015

Value:
$108 million

Shopping Centres Australasia Property Group RE limited’s institutional placement

Date Announced:
2/12/2015

client:
Shopping Centres Australasia Property Group RE limited

Status:
Closed – 6/2015

Value:
A$80 million

Villa World Limited’s institutional placement

Date Announced:
1/29/2015

client:
Villa World Limited

Status:
Closed – 1/2015

Value:
A$27 million

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