Aluflexpack AG, a producer of special packaging solutions, completed its initial public offering (IPO) and listing on SIX Swiss Exchange (ticker symbol: AFP / ISIN: CH0453226893). The total placement volume was CHF 169 million (approximately EUR 150 million). The placement consisted of a base offering of 7,300,000 shares and over-allotments of 730,000 shares at a price of CHF 21.00 each.
Aluflexpack AG will use the proceeds from the issuance of new shares mainly for the increase of production capacity in Europe, automation, and targeted acquisitions. The closing of the IPO took place on July 2, 2019.
The banking syndicate comprised Joh. Berenberg Gossler & Co. KG as Sole Global Coordinator and Joint Bookrunner, Zürcher Kantonalbank as Joint Bookrunner and Raiffeisen Centrobank AG as Co-Lead Manager.
Baker McKenzie acted as Swiss and international counsel for the banking syndicate. The team consisted of Matthias Courvoisier (Partner | Capital Markets | Zurich), Christoph Wolf (Partner | Capital Markets | Frankfurt), Mark Devlin (Partner | U.S. Capital Markets | Frankfurt) and Yves Mauchle (Associate | Capital Markets | Zurich). The team was supported by various specialist lawyers from the Baker McKenzie network.