Alantra acted as Co-Lead Manager on Acciona Energía’s IPO

Jul 2021

IPO

Value €1.5 billion

Madrid – Alantra, the global investment banking and asset management specialist, is pleased to announce that it has acted as Co-Lead Manager on Acciona Energía’s (“Acciona” or “the Company”) €1.5bn IPO, the largest Initial Public Offering in Spain since 2015. Acciona Energía is a leading energy operator that works exclusively with renewable energy and currently operates 11 GW and with the aim of reaching 20 GW by 2025.

Alantra was one of the few Spanish financial institutions participating in the transaction on which it carried out an extensive investor education with more than 60 “one-on-one” meetings focused on local and international institutional investors. Alantra’s marketing effort strongly contributed to a final book several times oversubscribed with the presence of leading local and international investors. The Company’s share price rose by 7% on the first day of trading, with Acciona Energía ending its first day as a listed company with a market cap of c.€9.4bn

The successful IPO will reduce the Company’s cost of capital, allowing it to unlock its significant growth potential and deliver attractive returns to Acciona’s new shareholders. Additionally, the IPO will further Acciona’s goal of strengthening its position as a world leader in clean energy, with the ability to accelerate the global energy transition.

Andre Pereira, Head of ECM Iberia, said: “Our successful participation reflects the credibility of our research, our exceptional distribution capabilities with top investors in Iberia, the UK and Continental Europe, and also our unique accumulated ECM track record with more than 25 transactions completed in Spain since 2015. This was the largest IPO in Spain since 2015 and a landmark transaction for both the Spanish Equities market and for the Spanish renewables industry. This is one of four ECM transactions in which we have been involved in 2021 reaffirming our leadership position as the number one independent equity house in Spain.”