City trio wrap up Smurfit Kappa IPO
Lovells, Clifford Chance (CC) and Freshfields Bruckhaus Deringer have landed lead roles on the initial public offering (IPO) of packaging company Smurfit Kappa, in a transaction that values the company at €5.5bn (£3.7bn). The cardboard box manufacturer - which is part-owned by buy-out houses CVC Capital Partners and Cinven - announced its intention to raise €1.3bn (£870m) on the Irish and London stock exchanges yesterday (14 February).
February 15, 2007 at 06:57 AM
2 minute read
Lovells, Clifford Chance (CC) and Freshfields Bruckhaus Deringer have landed lead roles on the initial public offering (IPO) of packaging company Smurfit Kappa, in a transaction that values the company at €5.5bn (£3.7bn).
The cardboard box manufacturer – which is part-owned by buy-out houses CVC Capital Partners and Cinven – announced its intention to raise €1.3bn (£870m) on the Irish and London stock exchanges yesterday (14 February).
The dual listing will be used to repay debt and values the company at between €4.4bn-€5.5bn (£2.9bn-£3.7bn).
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