PFISTERER Holding SE
PFISTERER is a family-owned and independently operating global technology company developing, manufacturing, and selling products for the connection and insulation of electrical conductors for power grid interfaces.
Ticker: PFSE GY
Country: Germany
Sector: Industrials
Listing: Frankfurt Stock Exchange (Scale)
Offer Structure:
- Total: 6,967,378 shares (c. EUR 188m)
- Primary: 3,500,000 shares (c. EUR 95m)
- Secondary: 2,689,025 shares (c. 73m)
- Greenshoe (secondary): 778,353 shares (c. EUR 21m)
Final Offer Price: EUR 27.00 per share
Initial Price Range: EUR 25.00 – 29.00 per share
Market Cap at IPO: c. EUR 489m
Selling shareholders: Karl-Heinz Pfisterer (grandson of the founder), Anna Dorothee Stängel (niece of Mr. Pfisterer), members of the Management & Supervisory Board
Berenberg Role: Joint Global Coordinator & Joint Bookrunner
Syndicate: Berenberg, Commerzbank (Joint Global Coordinators & Joint Bookrunners), LBBW (Co-Global Coordinator & Joint Bookrunner), ICF Bank (Co-Manager)
Timing:
- ITF: 24 April 2025
- Investor Education: 24 April – 02 May 2025
- Bookbuilding: 06 May – 12 May 2025
- First Day of Trading: 14 May 2025
Lottomatica Group SpA
Lottomatica is a products and services provider in the gaming industry, operating in online and retail betting.
Ticker: LTMC IM
Country: Italy
Sector: Gaming
Listing: Euronext Milan Stock Market
Market Cap pre Transaction: c. EUR 5.18bn
Selling Shareholder: Gamma Intermediate S.à r.l. (controlled by funds of Apollo)
Offer structure: Placement of 26 million existing shares (c. 10.3% of Lottomatica’s share capital)
Offer price: EUR 19.10 per share
Berenberg Role: Joint Bookrunner
Syndicate: Barclays and Deutsche Bank (Lead Joint Global Coordinators and Joint Bookrunners), BNP Paribas, Goldman Sachs, J.P. Morgan, UniCredit (Joint Global Coordinators and Joint Bookrunners), Apollo Capital Solutions Europe, Berenberg, BTIG, Jefferies, and Morgan Stanley (Joint Bookrunners), Siebert (Co-Manager)
Timing:
- Launch: 8 May 2025
- Pricing: 9 May 2025
Marex Group plc (MRX)
Pan African Resources PLC
Pan African Resources Plc is an exploration company, which engages in mining and production of gold and precious metals. Listed on the AIM Market of the London Stock Exchange and the Johannesburg Stock Exchange in South Africa.
Ticker: PAF LN / PAN SJ
Country: United Kingdom / South Africa
Sector: Precious Metals
Listing: London Stock Exchange (AIM Market) / Johannesburg Stock Exchange
Transaction Type: Secondary Placing
Deal Size: GBP 23m
Market Cap pre Transaction: GBP 866m
Offer Structure: 58,772,314 Ordinary Shares
Selling shareholder: Tembo Capital
Issue Price: GBP 0.39 per share
Berenberg Role: Joint Global Coordinator / Joint Bookrunner
Timing:
- Launch: 18 March 2025
- Pricing: 19 March 2025
- Settlement: 21 March 2025
Theon International
Theon is a provider of night vision technology and is one of the leading providers in man-portable devices such as night vision binoculars and monoculars. The company also has a presence in weapon sights, vehiclemounted systems and thermal imaging.
Ticker: THEON NL
Country: Cyprus
Sector: Defense
Listing: Euronext Amsterdam
Market Cap pre transaction: c. EUR 1.3bn
Offer structure: Placement of c.3.2m existing shares (c.EUR 56m) in an overnight accelerated bookbuilding on behalf of Venetus Limited
Offer Price: EUR 17.70 per share
Berenberg Role: Joint Global Coordinator and Joint Bookrunner
Syndicate: Joint Global Coordinators and Joint Bookrunners: Berenberg, UBS
Timing:
- Start of ABB: 11 March 2025
- Pricing and allocation: 12 March 2025
- Settlement (T+2): 14 March 2025
Lottomatica Group SpA
Lottomatica is a products and services provider in the gaming industry, operating in online and retail betting.
Ticker: LTMC IM
Country: Italy
Sector: Gaming
Listing: Euronext Milan Stock Market
Market Cap pre Transaction: c. EUR 4.15bn
Selling Shareholder: Gamma Intermediate S.à r.l. (controlled by funds of Apollo)
Offer structure: Placement of 26 million existing shares (c. 10.3% of Lottomatica’s share capital)
Offer price: EUR 15.60 per share
Berenberg Role: Joint Bookrunner
Syndicate: Barclays and Deutsche Bank (Joint Global Coordinators and Joint Bookrunners), as well as Apollo Capital Solutions Europe, Berenberg, BNP Paribas, BTIG, Goldman Sachs, Jefferies, J.P. Morgan, Morgan Stanley and UniCredit (Joint Bookrunners)
Timing:
- Launch: 5 March 2025
- Pricing: 6 March 2025
ME Group International PLC
ME Group is an international market leader in automated self-service equipment aimed at the consumer market.
Ticker: MEGP LN
Country: United Kingdom
Sector: TMT / Business Services
Listing: London Stock Exchange (Main Market)
Transaction Type: Secondary Placing
Deal Size: GBP 53m
Market Cap pre Transaction: GBP 829m
Offer Structure: 26,500,000 Ordinary Shares
Selling shareholder: Montefiore Investment
Issue Price: GBP 2.00 per share
Role: Sole Bookrunner
Timing:
- Launch: 27 February 2025
- Pricing: 28 February 2025
- Settlement: 04 March 2025
Pinewood Technologies Group plc
Pinewood is a leading cloud based full-service technology provider to automotive retailers and OEMs.
Ticker: PINE LN
Country: United Kingdom
Sector: TMT
Listing: London Stock Exchange
Transaction Type: Capital Increase via Placing, Subscription and Retail Offer
Deal Size: c. GBP 36m
Market Cap pre Transaction: c. GBP 295m
Offer Structure: 11,325,031 new Ordinary Shares
Issue Price: GBP 3.15 per share
Use of Proceeds: Proceeds will be used to finance the cash component of the acquisition of the remainder of Seez with the balance to fund the continued execution of Pinewood’s growing pipeline of opportunities
Role: Joint Global Coordinator / Joint Bookrunner
Timing:
- Launch: 20 February 2025
- Pricing: 21 February 2025
- Settlement: 25 February 2025