NextGeo’s IPO

Cleary Gottlieb represented Intesa Sanpaolo S.p.A., as global coordinator, specialist, and joint bookrunner, and Alantra Capital Markets Sociedad de Valores S.A.U. – Italian Branch, as Euronext Growth advisor and joint bookrunner, in the offering and listing on Euronext Growth Milan of the ordinary shares of Next Geosolutions Europe S.p.A. (NextGeo).

The IPO was carried out by means of a private placement reserved to primary institutional and qualified investors (both Italian and foreign) for a total consideration of approximately €57.5 million (including the possible exercise of the over-allotment/greenshoe option for approximately €7.5 million). The shares were placed at a price of €6.25, representing a post-money market capitalisation of approximately €300 million.

The NextGeo IPO was the second largest IPO on Euronext Growth Milan, and NextGeo will be the largest capitalized company listed on this market.

NextGeo is a leading international company in the field of marine geosciences and offshore construction support services, mainly in the energy sector, with a particular focus on renewable energies.