Adyen’s € 1.5 Billion Post-IPO Placement

Clifford Chance acted as transaction counsel on the sale by certain shareholders of approximately 2.5 million shares in the capital of Euronext listed company Adyen, the Netherlands-based payments platform provider.

The sale was carried out through an accelerated bookbuild offering to institutional investors and settled on Thursday 14 March 2019.

The shares were priced at EUR 600, resulting in approximately EUR 1.5 billion gross proceeds for the selling shareholders. J.P. Morgan and Morgan Stanley acted as joint global coordinators and, together with ABN AMRO Bank, BofA Merrill Lynch and Citigroup, as joint bookrunners on the placement.

Adyen is a global payment company that allows businesses to accept e-commerce, mobile, and point-of-sale payments. Adyen has more than 3,500 customers.

The Clifford Chance team for the placement was led by Han Teerink (Picture) and furthermore consisted of Evert van der Kaa and Tom Smeele (Corporate / ECM Amsterdam) with Mark-Jan Arends providing notarial advice. Paris-based Alex Bafi, Olivier Plessis and Ryan Bosch advised on matters of U.S. law

Involved fees earner: Mark-Jan Arends – Clifford Chance; Alex Bafi – Clifford Chance; Ryan Bosch – Clifford Chance; Olivier Plessis – Clifford Chance; Tom Smeele – Clifford Chance; Han Teerink – Clifford Chance; Evert van der Kaa – Clifford Chance;

Law Firms: Clifford Chance;

Clients: Adyen;