Planisware
Planisware is a French leading business-to-business (“B2B”) provider of Software-as-a-Service (“SaaS”) in the rapidly growing Project Economy market
Ticker: PLNW FP
Country: France
Sector: Software
Listing: Euronext Paris (Regulated Market)
Offer Structure:
- Total: 17,347,570 shares (up to c. EUR 277.6m)
- Secondary: 15,085,000 shares (c. EUR 241.4m)
- Greenshoe (secondary): 2,262,750 shares (up to EUR 36.2m)
Fixed Offer Price: EUR 16.00 per share
Market Cap at Listing: EUR c.1.1bn
Selling Shareholders: Ardian, founders, management as well as current and former employees
Berenberg Role: Joint Bookrunner
Syndicate: Joint Global Coordinators: BNP Paribas, Citi; Joint Bookrunners: Berenberg, Bank of America
Timing:
- Bookbuilding: 16th-17th April 2024
- First Day of Trading: 18th April 2024
- Settlement & Delivery: 22nd April 2024
Darktrace PLC
Darktrace is an autonomous cybersecurity platform that uses artificial intelligence to 1) detect, 2) investigate and 3) respond to cyber-threats in real time.
Ticker: DARK LN
Country: United Kingdom
Sector: Technology
Listing: London Stock Exchange (Main market, Premium Segment)
Market Cap pre Transaction: c. GBP 3.2bn
Offer Structure: c. 19.4m secondary shares (c. GBP 82m/ 2.8% of share capital)
Issue Price: GBP 4.25 per share
Selling Shareholder: KKR (full exit by KKR’s NGT Fund 1) leaving KKR with a c. 7.3% holding overall following the transaction
Berenberg Role: Joint Global Coordinator and Joint Bookrunner
Timing:
Launch: 21 March 2024
Pricing: 22 March 2024
Settlement: 26 March 2024
Trustpilot Group
Trustpilot Group
Trustpilot is a leading global review platform, which creates a place where businesses and consumers can gain actionable insights and collaborate.
Ticker: TRST LN
Country: United Kingdom
Sector: Technology
Listing: London Stock Exchange (Main market, Premium Segment)
Market Cap pre Transaction: c. GBP 870m
Offer Structure: 15,500,000 secondary shares (c. GBP 31m / representing approx. 3.7% of share capital)
Issue Price: GBP 2.00 per share
Selling Shareholder: Vitruvian Partners (reduced holding from c. 9.1% to c. 5.3% of the Company)
Berenberg Role: Sole Bookrunner
Timing:
- Launch: 19 March 2024
- Pricing: 20 March 2024
- Settlement: 22 March 2024
Omega ATM
Omega Healthcare Investors is a triple-net, equity REIT that supports Skilled Nursing Facility and Assisted Living Facility operators with financing and capital.
Ticker: OHI US
Country: United States
Sector: Real Estate - REITs
Listing: New York Stock Exchange
Offer Structure: $708,162,849 At-the-Market Offering
Use of Proceeds: To fund potential acquisitions, development and investment opportunities, or for general corporate purposes, including the repayment of our outstanding indebtedness
Berenberg Role: Sales Agent
Timing:
- Launch: 15 March 2024
ADT Secondary Offering
ADT is an American security company that provides electronic security solutions for residential and small businesses, fire protection, and other adjacent alarm monitoring services.
Ticker: ADT US
Country: USA
Sector: Security Services
Listing: NYSE
Selling Shareholder: Apollo Global Management
Offer Structure: 65,000,000 shares (excl. greenshhoe)
Offer Price: $6.50 per share
Berenberg Role: Co-Manager
Syndicate: Morgan Stanley, Barclays, Apollo Global Securities, RBC Capital Markets, BNP Paribas, Deutsche Bank, Mizuho, Goldman Sachs, MUFG, BMO, BTIG, Raymond James, Berenberg, Fifth Third, Academy Securities, Bancroft, Siebert
Timing:
- Pricing: 6 March 2024
- First Trade: 7 March 2024
Montana Aerospace
Montana Aerospace AG is a leading manufacturer of system components and complex assemblies for the aerospace industry, with worldwide engineering and manufacturing operations.
Ticker: AERO SW
Country: Switzerland
Sector: Aerospace
Listing: SIX Swiss Exchange
Market Cap pre Transaction: c. CHF 1.0bn
Offer Structure: Placement of 1,350,000 existing shares (c. 2.2% of current share capital)
Selling Shareholder: Montana Tech Components AG
Berenberg Role: Sole Global Coordinator & Sole Bookrunner
Timing: January 2024
Trustpilot Group
Trustpilot Group
Trustpilot is a leading global review platform, which creates a place where businesses and consumers can gain actionable insights and collaborate.
Ticker: TRST LN
Country: United Kingdom
Sector: Technology
Listing: London Stock Exchange (Main market, Premium Segment)
Market Cap pre Transaction: c. GBP 700m
Offer Structure: 5,173,241 secondary shares (c. GBP 8m)
Issue Price: GBP 157 per share
Selling Shareholder: Northzone Ventures (full exit)
Berenberg Role: Sole Bookrunner
Timing:
- Launch: 15 January 2024
- Pricing: 16 January 2024
- Settlement: 18 January 2024
Global Medical REIT ATM
Global Medical REIT inc. is a net-lease medical office REIT that acquires purpose-built specialized facilities and leases those facilities to healthcare systems and pyshicians groups
Ticker: GMR US
Country: United States
Sector: Real Estate
Listing: New York Stock Exchange
Market Cap pre Transaction: c. USD 1,046m
Offer Structure: $300m At-the-Market Offering
Use of Proceeds: To repay a portion of the outstanding indebtedness under the company's credit facility, to fund acquisitions and for other general corporate purposes
Berenberg Role: Sales Agent
Timing:
- Launch: 9 January 2024