Matheson is pleased to have advised Glanbia Co-operative Society on the funding arrangements for its recently announced acquisition of Glanbia plc’s 40% interest in Glanbia Ireland.
The funding arrangements (raising approximately €310m) comprise a share placing by Glanbia Co-op of approximately 2% of Glanbia plc’s issued share capital together with the issue of a €250m equity-linked exchangeable bond.
A cross-departmental Matheson team advised on this financing transaction in addition to the previously announced transaction to acquire Glanbia plc’s 40% interest in Glanbia Ireland. The Corporate team was led by partner David Fitzgibbon and senior associate Enda Garvey and the Finance and Capital Markets team was led by partners Donal O’Donovan and Richard Kelly.
Speaking today, David Fitzgibbon said: “We are delighted to have worked with Glanbia Co-op and its management team on the combined equity and debt fundraising, another key aspect of a transformational transaction for Glanbia Co-op. The fundraising demonstrates the continued attractiveness of Irish businesses to domestic and international investors”.
As part of Ireland’s largest law firm, our leading corporate M&A and finance and capital markets teams have consistently been at the forefront of advising on the largest and most complex M&A and equity and debt capital markets transactions in the Irish market.