Practices

Equity Capital Markets

Our expertise:

Over many years, significant numbers of Irish and international public companies, sponsors and underwriters have chosen McCann FitzGerald 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. Whether the deal involves debt restructuring, the structuring of strategic alliances or the completion of major IPOs, we consistently provide our clients with creative, market-driven solutions in an often difficult market environment. 

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:   

Initial Public Offerings (IPOs):

• IPL on its $175m IPO on Canadian TSX (2018)
• Allied Irish Banks on its €3.4bn IPO on the Irish and London Stock Exchanges (2017)
• Greencoat Renewables on its €270m IPO on ESM and AIM (2017)
• 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 International 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)

Public Company Secondary Offers:

• I-RES REIT on its €135m accelerated placing (2019) and €215m placing and open offer (2015)
• Greencoat Renewables on its two share placing programmes, the first announced in 2018, which raised a total of approximately €260 million and the second announced in 2019, which to date has raised €125 million
• J&E Davy and Shore Capital on Aminex’s £23m placings (2019, 2016)
• Goodbody Stockbrokers and Shore Capital on Applegreen’s €175m standby equity financing (2018) and €47m placing (2017)
• Mainstay Medical International on its €13.9m placing (2019), €30m placing (2018) and €30m placing (2016)
• 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)