Volution Group, £100m Initial Public Offering, UK


STJ Advisors acted as independent advisor to the Company and its selling shareholder Towerbrook on the Initial Public Offering on the London Stock Exchange of Volution Group plc, a leading supplier of ventilation products to the residential construction market in its core geographical markets, being the UK, Sweden and Germany. The offering raised proceeds of £100 million, representing 33.3% of the company. The IPO priced at GBP 150 per share, giving the company a market capitalisation of £300 million. The IPO was completed during Q 2 2014, the most competitive quarter in over four years with more than 45 issues coming to market; use of single point pricing and no greenshoe served to focus investor attention and attract a very high quality shareholder base.

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