April 25, 2016

Deal Profile

On April 25, Spanish restaurant group Telepizza successfully raised $949m, making it the world’s largest restaurant IPO in 2 years.

The bookrunners were Bank of America Merrill Lynch, UBS, BBVA, Barclays, and Nomura.

As a global partner, Dealogic helped the bookrunners seamlessly execute the transaction through the DealManager network.

Key Points

World’s largest restaurant IPO since SSP Group raised $949m in July 2014; and EMEA’s third largest restaurant IPO on record
Spain’s largest IPO in 10 months, when Euskaltel raised $939m in June 2015
Second largest IPO in EMEA this year, following VAT Group’s $624m offering in April
World’s second largest financial sponsor related IPO this year, also behind VAT Group’s listing
Global IPO volume of $19.8bn so far this year is the lowest YTD level since 2009 when only $1.9bn worth of deals were completed. EMEA IPO volume of $6.1bn stands at a four year low ($4.1bn in 2012 YTD) and accounts for 31% of global issuance so far this year (46% in 2015 YTD)