Shearman And Sterling

News July 06, 2021

Technogym €130 Million Accelerated Bookbuild

Shearman & Sterling acted as United States counsel to Morgan Stanley as a sole bookrunner in connection with an accelerated bookbuild and sale by TGH S.r.l. of 12 million of Technogym S.p.As ordinary shares, equal to approximately 5.96 percent of the total share capital, at a price of €10.81 per share for a total amount of proceeds of €129.7 million. The shares were offered to qualified investors in Italy and institutional investors abroad, including qualified institutional buyers in the United States.

Technogym is a leading designer and manufacturer of gym equipment and fitness solutions, listed on the Milan Stock Exchange.

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