Amadeus floats more shares as IPO market heats up

Spanish IT company Amadeus has placed a further 10.21% of shares returning €263m to one of its private equity owners

The improved year for private equity-backed flotations in Europe was further boosted today with the sale of another 10.21% shares in Amadeus, a deal which returned €263m to Cinven, one of its private equity owners.

Fifteen private equity-owned companies have floated on European markets this year, with the floats priced at a combined €9.5bn. This compared with just two flotations in 2009 which raised €756m and two in 2008 raising €2.5bn, according to data provider Dealogic.

WSJ Logo
Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump