PRESS RELEASE
21 January 2022

Matheson Advises Glanbia Co-Operative Society On The Funding Arrangements For Its Recently Announced Acquisition Of Glanbia plc’s 40% Interest In Glanbia Ireland

M
Matheson

Contributor

Established in 1825 in Dublin, Ireland and with offices in Cork, London, New York, Palo Alto and San Francisco, more than 700 people work across Matheson’s six offices, including 96 partners and tax principals and over 470 legal and tax professionals. Matheson services the legal needs of internationally focused companies and financial institutions doing business in and from Ireland. Our clients include over half of the world’s 50 largest banks, 6 of the world’s 10 largest asset managers, 7 of the top 10 global technology brands and we have advised the majority of the Fortune 100.
Matheson is pleased to have advised Glanbia Co-operative Society on the funding arrangements for its recently announced acquisition of Glanbia plc’s 40% interest in Glanbia Ireland.
Ireland

Matheson is pleased to have advised Glanbia Co-operative Society on the funding arrangements for its recently announced acquisition of Glanbia plc's 40% interest in Glanbia Ireland.

The funding arrangements (raising approximately €310m) comprise a share placing by Glanbia Co-op of approximately 2% of Glanbia plc's issued share capital together with the issue of a €250m equity-linked exchangeable bond.   

A cross-departmental Matheson team advised on this financing transaction in addition to the previously announced transaction to acquire Glanbia plc's 40% interest in Glanbia Ireland. The Corporate team was led by partner David Fitzgibbon and senior associate Enda Garvey and the Finance and Capital Markets team was led by partners Donal O'Donovan and Richard Kelly.

Speaking today, David Fitzgibbon said: "We are delighted to have worked with Glanbia Co-op and its management team on the combined equity and debt fundraising, another key aspect of a transformational transaction for Glanbia Co-op. The fundraising demonstrates the continued attractiveness of Irish businesses to domestic and international investors".

As part of Ireland's largest law firm, our leading corporate M&A and finance and capital markets teams have consistently been at the forefront of advising on the largest and most complex M&A and equity and debt capital markets transactions in the Irish market. 

PRESS RELEASE
21 January 2022

Matheson Advises Glanbia Co-Operative Society On The Funding Arrangements For Its Recently Announced Acquisition Of Glanbia plc’s 40% Interest In Glanbia Ireland

Ireland

Contributor

Established in 1825 in Dublin, Ireland and with offices in Cork, London, New York, Palo Alto and San Francisco, more than 700 people work across Matheson’s six offices, including 96 partners and tax principals and over 470 legal and tax professionals. Matheson services the legal needs of internationally focused companies and financial institutions doing business in and from Ireland. Our clients include over half of the world’s 50 largest banks, 6 of the world’s 10 largest asset managers, 7 of the top 10 global technology brands and we have advised the majority of the Fortune 100.

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