Auto Trader Group Announces Initial Public Offering
03.19.15
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The Firm is advising Auto Trader Group plc, a portfolio company of funds advised by Apax Partners, in its initial primary offering and admission to the Official List in the UK and to trading on the London Stock Exchange, expected to occur on 24 March 2015. The offer size (comprising a primary and secondary offering ) is £1,386.5 million, before exercise of the over-allotment option, and is one of the largest IPO offerings on the London market in recent times. On this basis, the indicative market capitalisation of the company at admission will be £2,350 million.
The Simpson Thacher team in London comprises: Derek Baird, Clare Gaskell, Deborah Harris, Charles Leeming, Anais Fritz, Lucy Gillet and Rebecca Jack (UK Capital Markets); Greg Conway, Sinjini Saha and Aled Knights (US Capital Markets); Kate Sinclair and Anna Cumming (UK Credit).