SStibbe advises on the share placement and listing of Sif

NL Law

Stibbe advises ABN AMRO and HSBC (as joint global coordinators) and the other underwriters on the share placement and listing of Sif Holding N.V. ("Sif"), a leading manufacturer of large steel tubulars which are used as foundation components for the offshore wind and offshore oil & gas markets.

The placement consisted of a secondary offering only, of 8 million shares by GKSE Holding B.V. as selling shareholder (through which Dutch private equity firm Egeria holds approximately 82.5% of Sif’s ordinary shares), representing 31% of Sif’s ordinary shares. The price per share was set at EUR 14.00, implying an equity value of EUR 357 million for Sif. Trading in the shares on Euronext Amsterdam commenced on Thursday 12 May 2016.