Page 5 - Private Equity Exits via Initial Public Offerings 2016

Date Company Sector Private Market IPO Sell down Price Aggregate Banks Under- Commission / Total Private Private equity
equity cap size as a change sponsor written fee structure estimated equity sponsor sponsor lock-up
sponsor(s) at IPO (£m) 1 proportion since retained expenses relationship + orderly market
3
(£m) of IPO (%) 2 IPO (%) stake at IPO (including agreement periods (months
4
(%) commissions (key terms) from IPO)
(£m)
21 Hollywood Travel and Electra 240 174.9 94.3 6.1 17.8 Investec No 2% plus up 7.9 Right to 6+6
Sept Bowl leisure to 1% appoint 1
2016 Group plc discretionary director and
1 observer so
long as hold
10% or more
of voting
rights

20 Luceco Computer EPIC 209 84.4 41.0 43.8 24.3 Numis No Up to 2.5% 6.7 • Right to 6+0
Oct plc and Investments plus up to appoint 1
2016 electrical 1% director for
equipment discretionary so long as
hold 10%
or more of
voting rights
• Right to
appoint 2
directors for
so long as
hold 20%
or more of
voting rights
20 Biffa plc Support Avenue 450 220.9 No sell 2.2 46.4 Citigroup, Yes 2% plus up 19.6 N/A 6+0
Oct services Europe, down JPMorgan, to 1%
2016 Angelo HSBC, discretionary
Gordon, Peel Hunt,
Bain Capital, Rothschild
ELQ
Investors

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