Page 7 - 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)
Contour Electricity Reservoir Capital 1,676.78 440.38 30.62 10.0 73 Goldman Yes - Commission of 2% payable by 26.7 - Transactions conducted 12+6
14.11.17
Global plc Group Sachs, JP the company and the selling on arm's length terms
Morgan, BNP shareholder
Paribas, - Appoint 2 non-exec
Morgan - Discretionary commission of up directors for so long as
Stanley, RBC to 1% payable by the company holds 25% or more of
Capital, BTG and the selling shareholder issued share capital
Pactual,
Rothschild - Appoint 1 non-exec
director for so long as
holds 10% or more of
issued share capital
Bakkavor Food & beverage Baupost Group 1,043 244 47.2 7.0 24.8 HSBC, Yes - Commission of 2% payable by 14.0 - Transactions conducted 6+0
16.11.17
Group plc Morgan the company and the selling on arm's length terms
Stanley, shareholders
Barclays, - Right to appoint one non-
Citigroup, - Discretionary commission of up exec director
Peel Hunt, to 1% payable by the company
Rabobank and the selling shareholders - Terminates once holds
Rothschild less than 10% of the
issued share capital

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