29 June 2015
Clifford Chance advises Coor Service Management and Cinven on SEK3.6 billion (USD 446m) IPO
International law firm Clifford Chance advised Coor Service Management (Coor) and Cinven on Coor's SEK 3.6 billion IPO. The company was listed on the NASDAQ OMX Stockholm on 16 June 2015 and was many times oversubscribed.
Following completion of the offering, Cinven raised SEK 542.3 million, and continues to hold 36.8% of Coor's shares, assuming no overallotment option is utilised. Clifford Chance has a longstanding relationship with Cinven, and recently advised on the EUR 1.2bn acquisition of Labco.
The Clifford Chance team was led by London capital markets partner, Robert Trefny, and assisted by senior associate Christopher Osborne.