Sophos LSE IPO

7/7/2015
IPO

£ 1 billion

$ 1.239 billion

Completed

7/7/2015


Overview:

  • Sophos has launched an IPO on the LSE with intent to raise £65 million.
  • The deal values the company at over a £1 billion.
  • The Oxfordshire based company offers cybersecurity services and is majority owned by private equity house Apax Partners.
  • The proceeds of the offering will be used to pay down net debt.
  • The deal represents the third time the company has tried to take shares to market following attempts in 2007 and 2009.

Sam Duke - Editor

Jurisdiction:

United Kingdom

Deal type:

IPO

Practice area:

Capital markets : Equity

Industry sector:

Technology and telecommunications


Firms:

Party: Sophos Group (Issuer)

Lawyer: Julian Makin


Party: Sophos Group (Management)

Lawyer: Charlie Geffen


Party: JPMorgan Chase (Global coordinator, Bookrunner)

Party: Morgan Stanley (Global coordinator, Bookrunner)

Party: Deutsche Bank AG Na ON (Bookrunner)

Party: UBS (Bookrunner)

Lawyer: Inigo Esteve