CTP N.V.’s EUR 854 Million Initial Public Offering

In UK Clifford Chance, advised on the matter.

Clifford Chance advised Erste Group Bank AG, Goldman Sachs, ING Bank, Kempen & Co, Morgan Stanley, Raiffeisen Bank with a team including Alex Bafi (Equity Capital Markets).

CTP N.V. operates a portfolio of 68 industrial parks and two office parks strategically located adjacent to capital or major cities and major transportation infrastructure in Central and Eastern Europe, making it the largest full-service owner-developer of prime industrial and logistics property in the CEE region and among the five largest logistics property companies in Europe based on GLA. 

Based on the offer price, the implied market capitalization of CTP N.V. is EUR 5.6 billion. The total value of the offering amounts to EUR 854 million (excluding the exercise of the over-allotment option). The proceeds will be used by CTP N.V. for financing development projects and related construction activities, for potential property acquisitions and for debt repayment.

A cross-border team advised on the deal, co-led by UK ECM Partner Christopher Roe (Picture), US Securities Partner Alex Bafi and Dutch ECM Senior Counsel Han Teerink, with key contributions from senior associates Ryan Bosch in Paris and James Koessler in London. The team further consisted of Amelia Chammas and Mathias Toubiana in London, Serkan Özel and Magdalena Kucko in Amsterdam, as well as key support from Clifford Chance’s Prague office.

Involved fees earner: Alex Bafi – Clifford Chance; Ryan Bosch – Clifford Chance; Magdalena Kučko – Clifford Chance; Serkan Özel – Clifford Chance; Christopher Roe – Clifford Chance; Han Teerink – Clifford Chance; Mathias Toubiana – Clifford Chance;

Law Firms: Clifford Chance;

Clients: Erste Group Bank AG; Goldman Sachs; ING Bank; Kempen & Co; Morgan Stanley; Raiffeisen Bank;

Author: Giulia Di Palma