Fairvue Partners is pleased to announce that it advised Ontex Group NV (Ontex) on its initial public offering (IPO) and admission to trading on the Euronext Brussels stock exchange. The offer price was set at EUR 18 per share, representing an equity value of €1.23 billion. On the first day of trading, the stock closed 5.56% above the offer price.
Ontex is a leading manufacturer of branded and retailer brand hygienic disposable products across Europe, the Middle East and Africa. The Company primarily sells its products to retailers, helping them to establish or enhance their own brands. While, historically, Western Europe has been the Company’s largest geographic market in terms of sales (68% of sales in 2013), the Company also has a growing presence in emerging markets, where it offers both retailer brands and its own brands, with the mix varying by product category and geography.
The Fairvue Partners team was led by Severine Camp, Partner & Head of Advisory, and the team will continue to support the Company in its investor relations activities as a publicly-listed entity.
Severine Camp said: “Ontex is an exciting proposition within the fast-moving consumer goods sector, with a growing global footprint. We are delighted to have supported and advised them on their successful IPO, which is testament to the strength of the Group’s business, as well as the current investor appetite for IPOs and capital markets transactions. In the lead-up to the IPO, Fairvue supported Ontex in managing its debt IR programme, as well as putting into place the building blocks for a robust equity IR programme, to ensure Ontex is fully prepared to meet the various communication needs of the differing constituents of the capital markets post listing.
“Our unique insight and understanding of both the debt and equity markets allows us to provide objective and transparent advice around IPOs and corporate transactions, as well as driving efficiencies into ongoing IR programmes.”
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