Manches and Nabarro’s German alliance partner, GSK Stockmann + Kollegen, have snared the leading roles on Williams F1’s groundbreaking IPO.
Williams Grand Prix Holdings completed its IPO on the Frankfurt Stock Exchange on 2 March, becoming the first Formula One team to sell shares to the public. Existing shareholders sold around 24 per cent of Williams at €25 per share, valuing the company at €250m.
GSK Stockmann + Kollegen and Manches both advised Williams, with the latter firm’s head of corporate, David Tighe leading the team along with corporate partner Patrick Baddeley and corporate tax partner Stephen Goldstraw.
Nabarro, led by head of corporate Iain Newman, advised new client Bank am Bellvue, the Swiss investment bank which acted as sole global coordinator and bookrunner.
“It was a pleasure to work with new client, Bank am Bellevue, on what is sure to be one of the most glamorous IPOs in 2011,” said Newman.