BPM and MPS as Selling Shareholders in IPO of ANIMA Holding

April 16, 2014

Cleary Gottlieb represented Banca Popolare di Milano (BPM) and Banca Monte dei Paschi di Siena (BMPS), acting as selling shareholders, in the initial public offering of ANIMA Holding.

The IPO was launched on March 31, and the shares were admitted to trading on the MTA (Mercato Telematico Azionario) of the Italian Stock Exchange starting April 16, 2014. According to the offering price of €4.20 per share, the capitalization of the Company is €1.26 billion.

The global offering included an offering to the public in Italy (including a tranche reserved for employees) and a placement aimed at Italian and foreign institutional investors pursuant to Regulation S, at Qualified Institutional Buyers pursuant to Rule 144A, and at certain categories of investor in the provinces of Canada.

Goldman Sachs International, Banca IMI and UniCredit Corporate & Investment Banking acted as Joint Global Coordinators.

BMPS and BPM will remain shareholders of ANIMA Holding, with a 9.90% and a 14.72% interest, respectively.

ANIMA Group is a leading Italian independent asset management operator, with over €48 billion of assets under management (as at the end of February 2014).