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News Mar 19, 2017

Shearman & Sterling Advises Ardagh Group on Its Initial Public Offering of Class A Common Shares

Shearman & Sterling acted as counsel to Ardagh Group S.A. in connection with its initial public offering of 18,630,000 Class A Common Shares (including 2,430,000 shares purchased by the underwriters pursuant to the exercise in full of their option to purchase additional shares), at a public offering price of $19.00 per share, resulting in net proceeds to the company of approximately $319 million. Citigroup acted as lead book-running manager, with Deutsche Bank Securities, Goldman, Sachs & Co., Barclays, Credit Suisse, and J.P. Morgan as joint book-running managers, and Davy and Wells Fargo Securities as co-managers. Cahill Gordon & Reindel LLP served as counsel to the underwriters.

The Shearman & Sterling team included partner Richard B. Alsop (New York-Capital Markets); and associates Minsoo Kwon, Yoon-jee Kim (both New York-Capital Markets), Erika Khalek (New York-Corporate), Arthur Ravignon, Saif Alaqili, and Melanie Probst (all London-Capital Markets). Other Shearman & Sterling lawyers involved in the transaction were partners Clare O’Brien, George Karafotias (both New York-M&A), Sami Toutounji (Paris-Capital Markets), Kristen Garry (Washington, DC-Tax), Ken Laverriere (New York-Compensation, Governance & ERISA), Apostolos Gkoutzinis (London-Capital Markets) and Nathan Greene (New York-Investment Funds); counsel George Spera (New York-Compensation, Governance & ERISA), Jonathan Handyside (London-Capital Markets), Mehran Massih (London-Environmental) and Jennifer Morton (New York-Financial Institutions Advisory & Financial Regulatory); and associates Jenny Ding (New York-Financial Institutions Advisory & Financial Regulatory), Eric Grosshandler (New York-Tax), Nancy Hau and Edward Miles (both London-Investment Funds).