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February 2002

Deals of the year 2001: Western Europe



Global:  Deals of the year 2001: The landmark deals of 2001Regional:  Western Europe  Central & eastern Europe North America Latin America Asia Western EuropeBest equity issueWinner: easyJetDeal: placing and open offer via accelerated book buildAmount: £146 millionDate: November 7 2001Bookrunners: Credit Suisse First Boston, UBS Warburg Last year accelerated bookbuilding really caught on in Europe as turbulent markets ensured that conditions were too risky for most issuers to contemplate a lengthy roadshow process. A few braved the storm nonetheless - one or two with notable success. Inditex, the Spanish company that is more widely known for its Zara clothing brand is a good example. Its e2.4 billion ($2.1 billion) IPO in May was a runaway success, with its shares snapped up almost as rapidly as its mass-retail copies of catwalk designs. Following a three week-long marketing process, bookrunners SSSB and Morgan Stanley reported that demand from institutional investors outstripped supply by over 50...

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