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Email: Vanessa Maydon

Press releases

Avolon
1 December 2014

Avolon Announces Launch of Initial Public Offering

Avolon Holdings Limited ("Avolon") today announced the launch of its initial public offering of 13,636,363 common shares. The initial public offering price is currently expected to be between $21 and $23 per share, which would result in a total offering size of between $286 million and $314 million. All of the common shares are being offered by the selling shareholders. The selling shareholders have granted the underwriters an option to purchase up to 2,045,455 additional common shares to cover over-allotments, if any. Avolon will not receive any of the proceeds from the offering.

The offering is being made pursuant to a registration statement on Form F-1 filed with the U.S. Securities and Exchange Commission ("SEC"). Avolon has been approved to list its common shares on the New York Stock Exchange under the symbol "AVOL".

J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Citigroup Global Markets Inc., UBS Securities LLC and Wells Fargo Securities, LLC are acting joint book-running managers.

The offering will be made only by means of a prospectus. Copies of the preliminary prospectus related to the offering may be obtained, when available, from J.P. Morgan Securities LLC, via telephone: (866) 803-9204, or standard mail at J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY, 11717, Attn.: Prospectus Dept.; Morgan Stanley & Co. LLC, via mail at Morgan Stanley & Co. LLC, Attn.: Prospectus Dept., 180 Varick Street, 2nd Floor, New York, NY 10014, or Citigroup Global Markets Inc. via telephone: (800) 831-9146, or standard mail at Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY, 11717, Attn.: Prospectus Dept.

A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.