Clifford Chance

Clifford Chance Amsterdam advises three major shareholders of Flow Traders on the sale of approx 5.9 million shares in the capital of Flow Traders

Clifford Chance Amsterdam advised three major shareholders of Euronext listed company Flow Traders N.V., US private equity firm Summit Partners and Flow Traders' founders Jan van Kuijk and Roger Hodenius, on the sale of approximately 5.9 million shares in the capital of Flow Traders N.V. through an accelerated bookbuilding process. Flow Traders is a leading global technology-enabled liquidity provider that specialises in exchange traded products. It has operations across 3 continents with its HQ in Amsterdam. Following the transaction, the first sell-down following the 2015 IPO, Summit Partners no longer holds a stake in Flow Traders and Flow Traders' free float increased to approximately 71.3 percent. The shares were priced at EUR 31.70, resulting in EUR 186.4 million gross proceeds for the selling shareholders. The transaction was settled on 20 February 2017.

Morgan Stanley and UBS acted as joint global coordinators and joint bookrunners.

The Clifford Chance team was led by Han Teerink and furthermore consisted of Evert van der Kaa and Jurre Jurriëns. Frankfurt-based Barbora Moring and George Hacket advised on matters of U.S. law.