We advised BioMar on its IPO

Davis Polk advised BioMar Group A/S on its initial public offering of 28,937,450 shares, of which 463,000 shares were newly issued by BioMar and 24,700,000 existing shares were sold by BioMar’s parent company Aktieselskabet Schouw & Co., with an over-allotment option of up to 3,774,450 additional existing shares. The shares are listed on Nasdaq Copenhagen in Denmark. With an offer price set at DKK 108 per share – at the upper end of the pricing range – the gross proceeds to BioMar and Schouw amounted to approximately DKK 3.1 billion (approximately $480 million). Based on the offer price, BioMar’s implied market capitalization is DKK 10.85 billion (approximately $1.7 billion).

BioMar is a leading global aquafeed solutions provider, focusing on the attractive segment of high value species such as salmon, warm water shrimp, trout, sea bass and sea bream and many other high-value fish. BioMar operates 16 feed production facilities and five technology centres located in the major aquaculture hubs in Europe, Latin America and Asia. In total, BioMar supplies high-value feed for more than 45 different species, offering its products in more than 90 countries to approximately 1,400 customers.

The Davis Polk corporate team included partner Connie I. Milonakis, counsel Christopher Diel and associate Annie Dulka. Counsel Alon Gurfinkel and associate Kelli A. Rivers provided tax advice. Counsel Sarah E. Kim and associate Alex Brod provided Investment Company Act advice. Members of the Davis Polk team are based in the London and New York offices.

Copy link to share post