Alantra acts as Sole Global Coordinator on Enerside’s €35m IPO on the BME Growth market

Mar 2022

IPO - Sole Global Coordinator

Value €35 million

Madrid – Alantra, the global investment banking and asset management specialist, has acted as Sole Global Coordinator on Enerside Energy’s €35m IPO, the first BME Growth IPO in 2022. Enerside Energy went public on the 4th of March with a share price of €5.46 per share and a market cap of €204 million, with a free float of over 25%.

Enerside is a fast-growing fully integrated solar PV platform with global presence headquartered in Barcelona, Spain. Specialized in the development, construction, and maintenance of renewable energy projects. Founded in 2007, the company has a proven track record developing +4.5 GW of solar photovoltaic generation projects, including reference industrial clients in Europe and Latin America. The company has an Asset Ownership Strategy as an IPP (Independent Power Producer). Enerside employs more than 100 experienced professionals and has offices in 6 different countries.

Alantra was the Sole Global Coordinator participating in the transaction on which it carried an extensive positioning and valuation work, coordinated all the syndicate and carried out an extensive marketing process. This consisted in coordinating investor meetings with more than 200 investors and an extensive investor education with more than 50 “one-on-one” meetings focused on local and international institutional investors and family offices.

“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 has been the first IPO in Spain in 2022 and a landmark transaction for the BME Growth market, consolidating this market as a solid alternative for corporates to finance their growth, as well as an alternative for companies and shareholders to crystalize the value of their investments.” said Andre Pereira, Head of ECM Iberia.

This has been the sixth transaction in which Alantra has been involved during the last 12 months, consolidating our leadership position as the #1 independent equity house in Spain.