Initial Public Offering (IPO) of Ariston Holding N.V. on Euronext Milan
26 十一月 2021
On 26 November, the ordinary shares in the capital of Ariston Holding N.V. were admitted to trading on Euronext Milan, following an offer of existing and new shares to certain institutional investors raising approximately EUR 915 million.Ariston Holding N.V. is a global provider of renewable and high efficiency solutions for hot water and space heating, components and burners. The group has approximately 7,700 employees, representative offices in 42 countries, 23 production sites and 25 centres of competences for research and development in 4 continents, selling solutions and services in about 150 countries around the world.
The offer consisted of a primary offering of newly issued shares raising gross proceeds of approximately EUR 300 million and a secondary offering of existing shares. The shares were sold at EUR 10.25 per share, giving the company a market capitalisation of approximately EUR 3.375 billion.
Houthoff advised Ariston Holding N.V. with the initial public offering. The team consisted of Jetty Tukker, Michiel Pannekoek, Emma Schutte, Philippe König, Saskia Hoek-van den Berg, Valerie Denswil, Sylvia Dikmans and Fyrone Denny.