White & Case LLP has advised SPIE on its €1.2 billion initial public offering on the regulated market of Euronext Paris. Initiated by its shareholders Clayton, Dubilier & Rice, Ardian and la Caisse de Depot et de Placement du Quebec, trading in the company's shares is expected to begin on October 10, 2014. The prospectus received the visa from the French financial markets authority on September 26, 2014 and the maximum amount of the offer is approximately €1.2 billion, including a €525 million capital increase. It is the largest IPO on Euronext Paris since the beginning of the year.
As the independent European leader in multi-technical services in the areas of electrical, mechanical and HVAC engineering, energy and communication systems, SPIE Group supports its customers to design, build, operate and maintain facilities that are energy-efficient and environmentally friendly. SPIE's 37,000 employees work from nearly 500 locations in 34 countries and in 2013 SPIE, on a pro forma basis including 2013 acquisitions, posted consolidated production of €5.1 billion.
The White & Case team in Paris which advised SPIE was led by partners Thomas Le Vert and Philippe Herbelin with support from associates Tatiana Uskova, Francois Carrey and Adeline Poucheparadj. Partner Francois Leloup and associates Jean Paszkudzki, Noémie Baroux and Laure Sans advised on corporate matters. Partner Colin Chang, counsel Max Turner and associate Jordan Zaluski advised on US law aspects and partner Alexandre Ippolito, with support from associate Marcus Schmidbauer, advised on tax issues.