ISS intends to launch IPO and list on NASDAQ OMX Copenhagen

Tuesday, 18 Feb 2014 01:30am EST 

ISS A/S:Intends to launch an Initial Public Offering (IPO) of its shares and to list on NASDAQ OMX Copenhagen.Says the IPO will consist primarily of an issue of new shares to raise proceeds of about 8 billion Danish crowns.Proposes to use IPO proceeds, together with amounts drawn under a new banking facilities agreement put in place subject to the IPO, to repay existing credit facilities during the course of 2014.Says in connection with the IPO, a partial sell-down of existing ordinary shares is expected by certain funds advised by EQT Partners and funds advised by affiliates of Goldman Sachs Group, Inc. indirectly through a co-owned entity.Says OTPP and KIRKBI do not intend to sell shares in connection with the IPO.Nordea, Goldman Sachs International and UBS Investment Bank have been appointed to act as Joint Global Coordinators for the intended IPO, and as Joint Bookrunners along with Barclays and Morgan Stanley.Carnegie, Danske Bank and SEB have been appointed as Co-lead Managers.Lazard is acting as financial advisor to ISS and FS Invest II S.a r.l., which currently holds 100% of the shares in ISS A/S.