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  • Deal or case news
  • 04-02-2014


Friday 31 January, Patrick Drahi, chairman of Altice, sounded the gong to mark the listing of Altice. With their longstanding capital market expertise, the Luxembourg and Dutch teams of NautaDutilh advised the underwriters, represented by Goldman Sachs International and Morgan Stanley & Co International plc, acting as global coordinators and joint bookrunners, in respect of the initial public offering (IPO) by Altice S.A. Petra Zijp was present at the gong ceremony in Amsterdam. 

Source photo: NYSE EuroNext

Altice is a multinational Luxembourg-based cable and telecommunications company with a presence in Western Europe, Israel, and the French Overseas Territories. The company, founded by entrepreneur Patrick Drahi, delivers cable-based services (high quality pay television, fast broadband Internet and fixed line telephony) and, in certain countries, mobile telephony services, to residential and corporate customers.

Altice plans to raise about 750 million euros (USD 1 billion) to pay down debt and help support its growth strategy. About up to 25% of Altice's shares will be sold with the stock set to trade on Euronext in Amsterdam, the Netherlands.

The NautaDutilh team in Luxembourg was led by Banking & Finance partner Josée Weydert and consisted of Ann Blaton, Noemi Gemesi (Banking & Finance), Romain Sabatier, Elisa Faraldo (Corporate), Jean-Marc Groelly and Frank Heykes (Tax). The team in the Netherlands was led by Banking & Finance partner Petra Zijp and consisted of Mark Mouthaan, Joyce Trebus (Banking & Finance), Nico Blom and Saskia Bijl de Vroe (Tax).

Several media paid attention to the IPO of Altice, which is the largest IPO of Euronext since 2008, including:
- Slechte dag voor Europese beurzen (BNR) (Dutch only) 
- Damrak kan eindelijk weer een grote beursgang vieren (Het Financieele Dagblad) (Dutch only)
- Altice zorgt voor reuring beurs Amsterdam (Nu.nl) (Dutch only) 
- Gong ceremony marks listing Altice (NYSE EuroNext)
- Altice va placer sur le marché entre 1,3 et 1,5 milliard d'euros (Agefi) (French only)

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