Shearman & Sterling Advises on Irish Residential Properties REIT plc €215 Million Capital Raise
Shearman & Sterling represented Irish Residential Properties REIT plc (“IRES”) on its firm placing and placing and open offer of 215,000,000 new ordinary shares to qualifying shareholders and other investors at a price of €1.00 per share. Credit Suisse Securities (Europe) Limited acted as sole global coordinator and joint bookrunner, Investec Bank plc acted as sponsor and joint bookrunner and TD Securities Inc. and Barclays Bank PLC acted as joint bookrunners for the transaction. The new shares were admitted to trading on the Irish Stock Exchange on 26 March 2015.