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Global Ports Holding floated on the London Stock Exchange

Dubrovnik in Croatia, one of the 14 cruise ports in GPH's portfolio Dubrovnik in Croatia, one of the 14 cruise ports in GPH's portfolio

Global Ports Holding (GPH), the world's largest independent cruise port operator, floated on London's Stock Exchange today with a share price of 740p, giving the company a market capitalisation of £465m.

GPH plans to use the majority of the net proceeds to expand its business as a provider of key infrastructure and services to the cruise industry.

Serving 7.8m passengers annually, GPH’s business has doubled since 2014 across 14 ports in eight countries.

Global law firm Baker McKenzie advised GPH on the ipo.

Leading on the transaction, Simon Porter, London head of Baker McKenzie’s structured capital markets group, said: 'We're delighted to have advised Global Ports Holding on its listing on the London Stock Exchange. This is an exciting time for a company that started as a purely domestic port operator and has grown to become the world’s largest cruise port operator by number of ports and passengers.'

Porter highlighted, 'the transaction is also a great demonstration of Baker McKenzie's unique cross-border expertise and ability to handle the largest and most complex capital markets transactions.'

The Baker McKenzie team was lead by partners Porter, Edward Bibko and James Thompson (London), together with Istanbul partner Muhsin Keskin (Istanbul), and supported by associates Cristina Brown and David Jahoda (London), and Berk Cin and Deniz Erden (Istanbul).

 

 

 

Posted 17 May 2017

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Mary Bond

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