Ireland: Matheson Advises Apax In Relation To The Initial Public Offering By King On The NYSE
Last Updated: 23 May 2014

Matheson advised Apax on the Irish law aspects of the initial public offering (IPO) of King Digital Entertainment PLC (King) on the New York Stock Exchange. King is a leading interactive entertainment company for the mobile world, responsible for developing Candy Crush Saga. Apax remains the largest shareholder in King following the IPO. King raised $500 million (€362.4 million) in its IPO, valuing the company at $8 billion.

The Matheson team which advised on the IPO was led by Patrick Spicer and Alan Chiswick. This continues Matheson's track record of advising on major transactions involving Irish companies which are listed in the US. Matheson recently advised the US pharmaceutical firm Actavis plc on its $8.5 billion acquisition of Dublin-based Warner Chilcott, which completed on 1 October 2013.

Patrick Spicer, Head of Corporate at Matheson, said, "King Digital Entertainment PLC was incorporated in Ireland specifically for the purpose of facilitating the initial public offering, which further illustrates the attractiveness of Irish holding companies to international investors."

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