AutoStore’s NOK 20.7 Billion Initial Public Offering on Oslo Stock Exchange

Wiersholm has advised Carnegie, J.P. Morgan and Morgan Stanley and the other managers. Kirkland & Ellis has advised Thomas H. Lee Partners and its portfolio company AutoStore.

AutoStore announced its initial public offering. The IPO involved a sale of shares for a total amount of NOK 20.7 billion, implying a market capitalization of Autostore of approximately NOK 103.5 billion. This made it the largest IPO in the Norwegian market in two decades. AutoStore started trading on the Oslo Stock Exchange this morning.

AutoStore is an innovative robotic and software technology company, and a pioneer of cubic storage automation. The group operates in the rapidly growing warehouse automation industry, and in the even faster growing cube storage segment. AutoStore develops warehouse solutions for the future and helps its customers to enable space saving and increase performance, while reducing labour and energy costs.

The Wiersholm’s core team consisted of Sverre Sandvik (Picture), Anne Lise E. Gryte, Sebastian Hestnes Andresen and Maria Elisabeth Angell.

The Kirkland team was led by capital markets partners Bill Burke, Bob Hayward, Morgan Hill and Deirdre Jones and associates Chrystel Marincich and Lena Yoon.

Involved fees earner: William Burke – Kirkland & Ellis; Robert Hayward – Kirkland & Ellis; Morgan Hill – Kirkland & Ellis; Deirdre Jones – Kirkland & Ellis; Chrystel Marincich – Kirkland & Ellis; Lena Yoon – Kirkland & Ellis; Sebastian Hestnes Andresen – Wiersholm; Maria Elisabeth Angell – Wiersholm; Anne Lise Ellingsen Gryte – Wiersholm; Sverre Sandvik – Wiersholm;

Law Firms: Kirkland & Ellis; Wiersholm;

Clients: AutoStore; Carnegie; JP Morgan; Morgan Stanley; Thomas H. Lee Partners, L.P.;

Federica Tiefenthaler

Author: Federica Tiefenthaler