CC and Latham advise as payments platform IPO values company at more than €7bn
Lawyers from four CC offices advise on Euronext Amsterdam listing
June 15, 2018 at 08:34 AM
2 minute read
Clifford Chance (CC) and Latham & Watkins are advising on global payments platform Adyen's initial public offering (IPO), a listing that values the company at about €7.1bn (£6.2bn).
Amsterdam-based payments processor Adyen, which counts Uber, Netflix, LinkedIn and Spotify as clients, listed on the Euronext Amsterdam stock exchange on Wednesday (13 June) in what is the third-largest IPO in Europe this year.
The company posted revenues of $1.14bn for 2017 as well as processing payments worth $122bn, marking a 61% year-on-year increase in processed volume from 2016 to 2017.
Lawyers from four CC offices advised on the IPO, including Amsterdam, Paris, London and Luxembourg. The team was led by M&A partner Hans Beerlage in Amsterdam, with senior counsel Marian Scheele leading on all financial regulatory aspects of the transaction.
Paris-based partner Alex Bafi handled US securities and disclosure aspects, while London-based capital markets partner and Luxembourg M&A partner Lauren Harris were also part of the magic circle firm's team.
Latham, meanwhile, advised the underwriters and bookrunners on the IPO – which included Morgan Stanley, JP Morgan and Citigroup – alongside Dutch firm Stibbe. The Latham team was led by City capital markets partner Olof Clausson.
Other recent capital markets roles for CC have included advising the underwriters on Chinese smartphone maker Xiaomi's upcoming Hong Kong IPO, and the London listing of Amigo Holdings, the parent company of guarantor loans provider Amigo Loans.
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