CVC-backed Matas in €630m IPO

Main shareholders CVC Capital Partners and Materialisternes Invest sold a total of 21,271,185 shares in Matas as part of the IPO, with a nominal value of DKK 2.50 each.

The exiting shareholders will keep 19,049,231 shares after the offering, representing 46.7% of the company's share capital.

Retail investors were allocated 20% of the shares offered, while 80% were reserved for institutional investors. In total, around 12,000 new shareholders have been allocated shares.

A total of 130,434 shares, corresponding to DKK 15m, have been allocated to the company. In addition, 13,434 shares have been allocated to the new members of Matas's board of directors.

The stakes sold at DKK 115 per share, giving the company a market capitalisation of DKK 4.7bn. The IPO of Matas attracted substantial interest from Danish and international retail and institutional investors.

Morgan Stanley & Co International and Nordea Markets acted as joint global coordinators and joint bookrunners for Matas's offering. Carnegie Bank, Danske Bank, SEB, Danmark and Filial af Skandinaviska Enskilda Banken Sverige acted as co-lead managers in the offering and were, together with the joint bookrunners, the managers in the offering.

Rumours of the planned IPO of Matas surfaced in May this year.

Previous Investment
CVC and Materialisternes acquired Matas in 2007.

Company
Matas is a Danish health and beauty retailer with a network of 293 stores, including 258 owned and operated by the company itself.

People
Terje List is the CEO of Matas.

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• CVC Capital Partners