Page 5 - IPO Analysis - Private Equity Exits 2017_Final

Private equity exits via IPO in

2017

Private Equity
IPO Sell Down as a Price Aggregate Total Estimated Private Equity Sponsor Sponsor lock-up
Private Equity Market Cap Size proportion of Change Sponsor + Orderly
Date Company Sector Banks Underwritten Commission / Fee Structure Expenses (incl. Relationship Agreement
Sponsor(s) at IPO (£m) (£M) IPO (%) Since IPO Retained Stake Market Periods
(%) at IPO (%) Commissions) (£m) (Key Terms) (Months from
IPO)
Charter Court Financial Elliott Associates 550.0 210.0 83.3 23.0 54.0 Barclays, Yes - Sponsor fee of £250,000 9.9 - Transactions conducted 6+0
29.09.17
Financial RBC Europe, payable by the company on arm's length terms
Services KBW, Peel
Group plc Hunt - Commission of c. 3.1% payable - Terminates once major
by the company (capped at shareholders hold less
£625,000) than 30% of the issued
share capital
- Commission of c. 3.4% payable
by the selling shareholders
(capped at £6,845,000)
Curzon Energy Oil & Gas YA Global, GSC Global 7.26 2.33 No sell down -6.0 48.68 SP Angel CF No - Advisory fee of £25,000 0.71 N/A 12+12
04.10.17
plc Producers Fund, Shard Capital
Management - Commission of between 1% and
6%

Private & Confidential. Not for distribution.
© DWF LLP 2018 5