Practices

Equity Capital Markets

We have extensive knowledge of current market practice and bring unrivalled legal ability to each transaction. We consistently provide our clients with creative, market-driven solutions.

Our expertise:

Over many years, significant numbers of Irish and international public companies, sponsors and underwriters have chosen us for their large, complex or cross-border equity transactions.

Our capital markets experience is deep and broad, and we have advised on many of Ireland's largest and most complex equity capital markets and corporate finance transactions. Our ECM practice is recognised for the provision of innovative but practical advice on bespoke and complex, multi-layered transactions and structures that raise a range of legal issues, many with a cross-border element.

Representative clients include: AIB Group plc, C&C Group plc, Datalex plc, Greeencoat Renewables plc, Hostelworld Group plc, Irish Residential Properties REIT Plc (IRES REIT); Kenmare Resources plc, Kingspan Group plc, Origin Enterprises Plc; Hammerson plc; Trinseo plc; Alkermes plc.

‘‘The team assisted us with a large, strategically important project and were a fantastic support throughout. The team were responsive, well-organised and competitive on pricing.’’

The Legal 500, 2024

‘‘The team is very client focussed and knows our business really well – they really know what is and is not important commercially for us. We really value the continuity of of people over many years.’’

The Legal 500, 2024

‘‘McCann FitzGerald demonstrates top-tier expertise in equity capital markets mandates, possessing an impressive bench of highly regarded lawyers assisting with share placements, IPOs and delistings.’’

Chambers 2024

‘‘The lawyers are very straightforward and easy to work with. ’’

Chambers 2024

‘‘The team at McCann FitzGerald is excellent to work with and that is from the front desk to the Chair. Their level of service, humility and inclusiveness is a credit to the team and the company and the result is that they provide an amazing service to their clients.’’

Chambers 2023

Key areas:

Our work covers all types of capital market transactions and related company law issues, including:

IPOs
Public offerings, rights issues, open offers, placings and other capital raisings
Restructuring, debt equitisations and recapitalisations
Stock exchange listings and compliance
Takeovers
Privatisations
Market abuse and securities law issues
Corporate governance

Key highlights include advising:

Greencoat Renewables on its €270m IPO on ESM and AIM (2017) and on its share issuance programme and placings (2023, 2022, 2020, 2019, 2018)
C&C Group plc on its 6-for-23 fully underwritten rights issue to raise gross proceeds of approximately £151 million (2021)
Datalex plc on its €25 million capital raise (2021)
Trinseo plc on its redomiciliation from Luxembourg to Ireland and the listing of the new Irish holding company on the NYSE (2021)
Corre Energy on its 2021 IPO and admission to Euronext Dublin’s growth market (2021)
Goodbody Stockbrokers in its role as global coordinator, bookrunner and Euronext Growth Advisor and Broker on the IPO of HealthBeacon (2021)
Goodbody Stockbrokers on its role as placing agent in the €77 million secondary sale of shares by Kerry Co-op in Kerry Group plc (2021)
Hammerson plc on its secondary listing on the main market for listed securities of Euronext Dublin (2020)
Mainstay Medical on its delisting from Euronext Growth Dublin and Euronext Paris and establishment of a new Irish incorporated holding company and equity offering (2020)
Goldman Sachs in its role as sponsor to Flutter Entertainment plc in connection with its acquisition of The Stars Group Inc. and the admission of the shares of the enlarged group to trading on the London Stock Exchange’s main market for listed securities and on the Euronext Dublin Market operated by Euronext Dublin (2020)
J&E Davy in its role as sole bookrunner to Ryanair Holdings plc in its €400 million share placement (2020)
I-RES REIT on its €135m accelerated placing (2019) and €215m placing and open offer (2015)
J&E Davy and Shore Capital on Aminex’s £23m placings (2019, 2016)
Mainstay Medical International on its €13.9m placing (2019), €30m placing (2018) and €30m placing (2016)
IPL on its $175m IPO on Canadian TSX (2018)
Goodbody Stockbrokers and Shore Capital on Applegreen’s €175m standby equity financing (2018) and €47m placing (2017)
Allied Irish Banks on its €3.4bn IPO on the Irish and London Stock Exchanges (2017)
Credit Suisse and Goodbody Stockbrokers on Cairn Homes’ €52m placing and listing on the Irish Stock Exchange (2017), €177m placing and open offer (2016) and €50m placing (2015)
HSBC, Goodbody Stockbrokers, Jefferies International, Rabobank and Greenhill & Co. International on Greencore’s £440m rights issue (2016)
Kenmare Resources on its US$275m capital raising and debt restructuring (2016)
Credit Suisse and Goodbody Stockbrokers on Hibernia REIT’s €300m placing and open offer (2015)
Hostelworld Group on its €180m IPO on the Irish and London Stock Exchanges (2015)
Goodbody Stockbrokers and Shore Capital on Applegreen’s on €70m IPO on ESM and AIM (2015)
Ireland Strategic Investment Fund (as cornerstone investor) on Malin Corporation’s €330m IPO on ESM and AIM (2015)
Deutsche Bank and J&E Davy on Permanent tsb Group’s €402m IPO on the Irish and London Stock Exchanges (2015)
Mainstay Medical on its €90m IPO on the Irish and Paris Stock Exchanges (2014)
Investec Bank and TD Securities on I-RES REIT’s €200m IPO on the Irish Stock Exchange (2014)
Credit Suisse and Goodbody Stockbrokers on Hibernia REIT’s €385m on the Irish and London Stock Exchanges (2013)
J&E Davy and J.P. Morgan on Green REIT’s €300m IPO on the Irish and London Stock Exchanges (2013)
The Irish Government on the €1.1bn IPO of Aer Lingus (2006)
Deutsche Bank, Citigroup, J&E Davy and Goldman Sachs International on the €1.5bn IPO of Smurfit Kappa (2007)