Published: October 22, 2013
Emerging-Europe drinks producer raises US$52mn on London market.
Stock Spirits, a Central and Eastern Europe-focused spirits producer, has completed its IPO on the London Stock Exchange.
The offer, comprising 22.1mn new and 87.8mn existing shares, raised gross proceeds of £258.5mn (US$416.9mn). This comprises a primary stake of £52mn and secondary sales of £206.5mn, by funds and accounts managed by majority shareholder Oaktree Capital Management and current and former members of the company’s management team.
JP Morgan and Nomura acted as joint sponsors, global coordinators and bookrunners, Jefferies International as joint bookrunner and Berenberg as lead manager.