Stock Spirits, £203m share placing, UK


STJ Advisors acted as independent advisor to Oaktree Capital Management on its successful c. £203m placing of shares in London-listed spirits producer Stock Spirits Group, representing its full remaining 37% holding in the company, via an accelerated bookbuilt offering. This allowed Oaktree to fully exit its position less than 6 months following the IPO in a single placing. This is the largest share placing on record (by % of issued share capital) to follow an IPO on the London Main Market, and corresponds to a massive 412 days’ average trading volume.

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