7thJuly 2011 was the first trading day for the shares in SHW AG on the Prime Standard of the Regulated Market of Frankfurt Stock Exchange following the IPO of SHW. In all, 2.6 million shares were offered in the IPO, including over-allotment, from the holdings of original shareholders which were sold at EUR 26 per share. In total, the company is thereby valued at approximately EUR 152 million.
SHW Holding L.P., the current majority shareholder that acquired the company in 2005, will remain majority owner of SHW AG also after the IPO. SHW Holding L.P. in turn is held by several investment funds (Nordwind Capital). The IPO of SHW AG was part of a so-called dual track proceeding, during which also offers for the acquisition of the whole business had been solicited.
SHW AG is one of the leading automobile suppliers of CO2-relevant components (pumps and engine components) and brake discs. The company was founded in 1365 and is therefore one of the eldest industrial enterprises in Germany.
Legal advisor of SHW Holding L.P. and Nordwind Capital on the IPO in the dual track proceeding as well as on the pre-IPO reorganization of SHW AG including its conversion into a stock corporation was Mibank, Tweed, Hadley & McCloy LLP with partners Christoph Rothenfusser (corporate law/capital market law, Munich), Peter Memminger (corporate law/M&A, Frankfurt) and Rolf Fueger (tax law, Munich), as well as associates Ines Butenschoen, Tobias Nikoleyczik (both corporate law/capital market law, Munich), Thomas Tiedemann (corporate law/M&A, Frankfurt) and Tobias Beuchert (tax law, Munich).
About Milbank
Milbank, Tweed, Hadley & McCloy LLP is a leading international law firm founded in 1866 in New York City. Today Milbank has offices in Beijing, Frankfurt, Hong Kong, London, Los Angeles, Munich, New York, São Paulo, Singapore, Tokyo and Washington DC and is present in all major financial and economic centers of the world. Milbank’s main focus regarding its worldwide legal services are the areas of finance, transactions and litigation.
The first European office was opened in 1979 in London, followed by Frankfurt in 2001 and Munich in 2004. Due to the close cooperation of the German offices with the finance-, corporate-, cartel-, and tax lawyers practicing in the other Milbank offices, in particular London and New York, Milbank Germany is in a position to provide fully integrated legal advice on the highest level in all these core areas pursuant to German, English and US law.
