IFLR1000

Sunrise Communications SIX Swiss Exchange IPO

27/1/2015
IPO
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SFr 2 billion

$ 1.977 billion

Completed

27/1/2015

Overview:

  • Sunrise Communications has completed an IPO on the SIX Swiss Exchange.
  • 23.3 million shares, priced at €68 a share, were issued giving a market capitalisation of SFr3.1 billion. CVC Capital Partners also sold 4.3 million existing shares.
  • The offering raised SFr2 billion.
  • CVC acquired Sunrise in 2010.
  • Deutsche Bank and UBS acted as joint global coordinators.
  • Sunrise is a Swiss telephone company with 3.3 million customers.
  • The company took out SFr1.56 billion in senior financing ahead of the IPO.

Sam Duke - Editor

Jurisdictions:

Germany
Switzerland

Deal type:

IPO

Practice area:

Capital markets : Equity

Governing law:

Switzerland

Industry sector:

Technology and telecommunications

Firms:
Clifford Chance

Party: CVC Capital Partners (Seller, Shareholder)

Latham & Watkins

Party: Sunrise Communications Group (Borrower, Issuer)

Lawyers: Jayanthi Sadanandan, Olof Clausson (retired)

Lenz & Staehelin

Party: Sunrise Communications Group (Issuer)

Party: CVC Capital Partners (Seller, Shareholder)

Lawyer: Patrick Schleiffer

Niederer Kraft Frey

Party: Deutsche Bank AG Na ON (Joint global coordinator)

Party: UBS (Joint global coordinator)

Lawyers: Daniel Bono, Philippe Weber

White & Case

Party: Deutsche Bank AG Na ON (Joint global coordinator)

Party: UBS (Joint global coordinator)

Lawyer: Gernot Wagner

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