Clifford Chance

Clifford Chance Brussels advises joint global coordinators and joint bookrunners on Shurgard's €300 million capital raise via primary accelerated bookbuilding

Clifford Chance Brussels advises joint global coordinators and joint bookrunners on Shurgard's €300 million capital raise via primary accelerated bookbuilding.

Clifford Chance Brussels has advised BNP Paribas Fortis and J.P. Morgan Securities plc as Joint Global Coordinators and ABN AMRO (in cooperation with ODDO BHF), Belfius Bank (in cooperation with Kepler Cheuvreux), Goldman Sachs International and KBC Securities as Joint Bookrunners on the capital raise for Shurgard. The company has raised total proceeds of c.€300 million that will be used to grow the business via acquisitions and developments.

Shurgard is the largest provider of self-storage in Europe and is listed on Euronext Brussels. The company owns and operates 275 self-storage facilities and approximately 1.4 million net rentable square meters in seven countries: France, the Netherlands, the United Kingdom, Sweden, Germany, Belgium and Denmark.

The multijurisdictional team was led by partner Niek De Pauw (Brussels), with counsel Valérie Demeur and associate Chloé Petit (Brussels), together with partner Alex Bafi (Paris), counsel Olivier Plessis (Paris) and associate Garo Yaghsezian (Paris) advising on US securities law matters.