Numericable Group in IPO

October 28, 2013

Cleary Gottlieb represented Numericable Group in its initial public offering which launched on October 28th. The transaction priced on November 7th and closed on November 12th. The IPO consists of a primary offering of approximately €250 million and a secondary offering of approximately €400 million, which may be increased to €500 million if the greenshoe is exercised. The shares are being offered to the public in France and internationally in private placements including under Rule 144A in the United States. Deutsche Bank AG and J.P. Morgan Securities plc acted as Global Coordinators and Joint Bookrunners; Crédit Agricole Corporate and Investment Bank, HSBC Bank plc and Morgan Stanley & Co. International acted as Joint Bookrunners; and Jefferies International Ltd, Nomura International plc and Oddo et Cie acted as Joint Lead Managers in the offering.

Numericable Group is the sole major cable operator in France and operates using a very high speed fiber network infrastructure, serving three segments: B2C, B2B and wholesale. Its current principal shareholders are Altice, Carlyle and Cinven.