Radar > 242259

Aernnova to launch IPO in 2017

Aernnova podría salir a bolsa en 2017

Intel ID : 242259
Synopsis

Aernnova, a Spain-based aeronautical group held by Switzerland-based venture capital firm Springwater Capital, delayed its Initial Public Offering (IPO), which could be worth around EUR 1bn, until the end of 1H17, reported Cinco Días on 3 November 2016.

The company postponed the IPO this year given the uncertainty which arose following 'Brexit'.

STJ acts as financial advisor in the transaction; Citi (NYSE:C), Morgan Stanley (NYSE:MS), and Santander (BME:SAN) are global coordinators; and Bank of America (NYSE:BAC), BBVA (BME:BBVA), and Deutsche Bank (FWB:DBK, NYSE:DB) will participate as book runners.
(content in spanish)

Aernnova, grupo aeronáutico español participado por la entidad de capital riesgo Springwater Capital, retrasa su salida a bolsa para finales del primer semestre de 2017, con una valoración que podría estar en torno a los EUR 1.000m, según ha informado Cinco Días el 3 de noviembre de 2016.

La compañía aplazó su salto al mercado este año por la incertidumbre tras el 'Brexit'.

STJ actúa como asesor financiero en la operación; Citi (NYSE:C), Morgan Stanley (NYSE:MS) y Santander (BME:SAN) son los coordinadores globales, y Bank of America (NYSE:BAC), BBVA (BME:BBVA) y Deutsche Bank (FWB:DBK, NYSE:DB) serán colocadores.

Issuer

Aernnova
Spain

Advisors

retained

Seller


Intel ID 242259
Value EUR 1.000,00m (Approx.)
Native Currency Euro (EUR)
Date
Country
Region
Continent
Geography
Subsector (Old TTR Sectors)
Type
Intel Grade
Source
Tags

Issuer

Name
potential
Subsector (Old TTR Sectors)
Industry / Aerospace and Aeronautical (Primary)
Primary Sector (TTRSC)
35.01.02 Aircraft Manufacturing
35 Industrials / 35.01 Aerospace & Defense

Country
Website
Description

Seller

Name
potential
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.01.09 Private Equity
25 Financial Services / 25.01 Banking & Investment

Country
Website
Description

Financial Advisory

Radar

Date Title Type Intel Grade Country Subsector  

Legend:

verified Verified: Confirmed as a party to an active or possible transaction.

potential Potential: Unconfirmed as a party to an active or possible transaction.

retained Retained: Confirmed as “Retained” with a general or specific mandate.

prospect Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.

Transactional data is continuously updated by the research team and therefore is subject to change.