Bwin.party, £46m Accelerated Bookbuild, UK

12 June 2015

To find out more, Contact STJ Advisors

STJ advised on an oversubscribed Accelerated Bookbuild on behalf of trusts established by two founding shareholders of Bwin.party for their remaining stakes in the company. The sale represented c.6% of the company’s shares outstanding. In what was an unusually complex situation, STJ ran a thorough bank selection process which resulted in Numis being appointed as sole manager of the deal. The best efforts ABB commenced after the close on Thursday 11 June 2015 and successfully completed approximately one hour after the open the following morning at a price of 93p per share for the entire stake.

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