Latham & Watkins Advises Verisure on €13.7 Billion IPO

Latham & Watkins is advising Verisure Plc, the leading provider of professionally monitored security services in Europe and Latin America, and a portfolio company of longstanding private equity client Hellman & Friedman, on Verisure’s initial public offering (IPO) and listing of shares on Nasdaq Stockholm. The IPO marks the largest-ever European private equity-backed IPO, one of the largest listings globally in 2025, the largest IPO in Europe in the last two years, and the largest IPO in Sweden in 25 years. 

The pricing for the IPO has been set at €13.25 per share, corresponding to a total market capitalization of the company of €13.7 billion. The offering will raise gross primary proceeds of approximately €3.1 billion, with the sale of existing shares on behalf of certain management shareholders raising a further €55 million. The total gross proceeds of the offering will amount to approximately €3.6 billion if the overallotment option is exercised in full.

Trading on Nasdaq Stockholm commenced on October 8, 2025. The offering attracted strong interest from Swedish and international institutional investors as well as the general public in Sweden. 

The Latham team was led by Private Equity partner and Verisure relationship partner Huw Thomas, alongside Private Equity partners Katie Peek and David Walker, with associates Alice Drayton, Angus Baird, Victoria Mah, and Amber Tope; and London Capital Markets partners James Inness, Mark Austin, and Matt Schneider, with associates Fred Gardner, Sarah Youssefi, Yao Lin, Jing Wang, and Isabelle Knapton. Advice was also provided on compensation and benefits matters by London partner Kendall Burnett, with associate Venice Ma; and on finance matters by London partners Dominic Newcomb and Hayden Teo, with associates Farisha Khan, Andrew O’Neill, Felix Buddee, and Hue Pham.