Powered by

On June 15, the carve-out IPO of ALD from parent Societe Generale was successfully completed, raising $1.3bn for the bank, in what is the nation’s largest carve-out IPO in 3 years, when Coface was spun off from NATIXIS for $1.3bn in 2014. The deal is also France’s largest IPO since Amundi Group went public in November 2015.

As a trusted financial platform partner, Dealogic helped the bookrunners seamlessly execute the transaction through the DealManager network.

Transaction Details

Issuer: ALD

Nationality: France

Industry: Finance

Deal Value ($m): $1,298

Deal Type: IPO, carve-out from Societe Generale

Bookrunners: Credit Suisse, JPMorgan, SG Corporate & Investment Banking, Bank of America Merrill Lynch, Barclays, Citi, Deutsche Bank, and HSBC

Key Points

Top 5 French carve-out IPOs on record

  1. Vivendi Environment, $2.3bn | IPO | Carve-out parent: Vivendi | Jul 2000
  2. CFAO, $1.4bn | IPO | Carve-out parent: PPR | Dec 2009
  3. Coface, $1.3bn | IPO | Carve-out parent: NATIXIS | Jun 2014
  4. ALD, $1.3bn | IPO | Carve-out parent: Societe Generale | Jun 2017
  5. Worldline, $870m | IPO | Carve-out parent: Atos | Jun 2014

 3 most recent French IPOs more than $1bn

  1. ALD, $1.3bn | France | Finance | June 2017
  2. Amundi Group, $1.8bn | France | Finance | Nov 2015
  3. Europcar Groupe, $1.0bn | France | Transportation | Jun 2015

Top 3 EMEA IPOs in 2017 YTD

  1. Galenica Sante, $1.9bn | Switzerland | Apr 2017
  2. ALD, $1.3bn | France | Jun 2017
  3. Gestamp Automocion, $935m | Spain | Apr 2017

 

Source: Dealogic as of June 15, 2017

More in ECM:

  1. Video

    Asian equity capital markets stop B.(eing) Grimm

    June 2017

  2. Report

    Alfa Financial Software Holdings completes UK's largest tech IPO since 2015, using Dealogic

    May 2017

  3. Report

    Middle East Capital Markets Snapshot

    May 2017

  4. Video

    How NYSE eclipsed Nasdaq

    May 2017