Freshfields, Slaughters and Simpson Thacher in the driving seat for £5bn Aston Martin float
Magic circle duo and US firm take roles on flotation valued at £5bn
August 29, 2018 at 08:25 AM
2 minute read
Freshfields Bruckhaus Deringer, Slaughter and May and Simpson Thacher & Bartlett have won lead roles on Aston Martin's upcoming initial public offering (IPO), with the float expected to value the company at £5bn.
Slaughters is advising the luxury car brand with a team led by equity capital markets head Nilufer von Bismarck, M&A head Roland Turnill, corporate partner Filippo de Falco, employment partner Jonathan Fenn and tax partner Steve Edge.
Simpson Thacher & Bartlett corporate partner Gil Strauss is advising Aston Martin on US matters relating to the planned float. Strauss led for Aston Martin on its private offering of $165m high yield notes in March 2014.
Freshfields, meanwhile, is advising the underwriters, with a team led by corporate partners Mark Austin and Charlie Hayes.
Freshfields previously advised Aston Martin – well known as fictional British spy James Bond's preferred car make – on the sale of a 37.5% stake in the company to Italian private equity firm Investindustrial in 2012, as well as a 2011 high yield bond offering worth £304m.
The magic circle firm's team on the bond offering was led by Strauss – who moved over to Simpson Thacher in 2016 – and Chris Bown, now a senior adviser at private equity house CVC, while corporate partner Adrian Maguire was part of the firm's team on the 2012 PE stake sale.
Aston Martin was sold by Ford to a consortium of investors in 2007, with Clifford Chance and Skadden Arps Slate Meagher & Flom taking lead roles on the £479m deal.
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