Debevoise & Plimpton represented Benfield Group Limited as U.S. counsel on its initial public offering. Benfield’s IPO, raising total proceeds of £157 million, was the largest on the London Stock Exchange this year, and the only offering on its main market.
The shares were distributed in the United States to institutional investors in a Rule 144A offering.
Debevoise handled the transaction with deal teams based in its London and New York offices. The London Debevoise team advising Benfield Group Limited was led by corporate partners James C. Scoville and Andrew L. Sommer, tax partner Peter F.G. Schuur and corporate associates Wendy A. Semel and Sonia O’Brien.