Gide has advised Antin Infrastructure Partners on its initial public offering on the regulated market of Euronext Paris for a total offering amount of €632.5 million. The offering which included a retail offering in France and an international private placement, consisted of a €550 million base deal composed of a capital increase of around €350 million and the sale of around €200 million shares by Antin's founding partners. The offer price was set at the high end of the price range (i.e. €24 per share). The size of the offering was increased to €632.5 million after full exercise of the over-allotment option.
The offering was a success among major French and international institutional investors and was the largest IPO to take place on Euronext Paris in 2021.
The Gide team was led, on the ECM corporate aspects, by partners Olivier Diaz, Melinda Arsouze and Arnaud Duhamel and counsel Guilhem Richard, associates Scott Logan, Corentin Charlès, Mariléna Gryparis, Noëmie Kabamba and Caroline Riesco, and on the tax aspects by partner Magali Buchert and counsel Alexandre Bochu.
Antin Infrastructure Partners was also advised by Goodwin, Mayer Brown and Kirkland & Ellis.
The bank syndicate composed of J.P. Morgan, Morgan Stanley, BNP Paribas, BofA Securities Europe SA and Citigroup Global Markets Europe AG was advised by White & Case.