M. Ryan Benedict

Ryan’s representative transactions include advising: 

Equity Capital Markets

• The underwriting banks on the UK and European retail offers on the proposed SpaceX IPO
• Ferrovial SE in connection with its redomiciliation from Spain to the Netherlands via reverse merger by absorption, and the listing of Ferrovial’s ordinary shares on Nasdaq
• The underwriters on Deliveroo’s (LON: ROO) £1.5 billion Initial Public Offering of 384,615,384 Class A Common Shares listed on the London Stock Exchange (LSE)
• The underwriters on Stevanato Group’s (NYSE: STVN) US$693 million Initial Public Offering of 33,018,280 Shares of Class A Ordinary Shares listed on the NYSE
• Tremor International in connection with its (NASDAQ: TRMR) US$148 million Initial Public Offering of 7,784,295 American Depositary Shares listed on Nasdaq
• The underwriters on Atlantica Sustainable Infrastructure’s (NASDAQ: AY) US$167.3 million public offering, effected by way of a UK cash box structure — marking the first time this has been done in a public offering by a US-registered issuer 
• Citibank in connection with Jumia Technologies AG’s (NYSE: JMIA) US$243.2 million capital increase, and at-the-market (ATM) offering — marking the first US ATM offering of a German company
• Joint global coordinators and underwriters to AVEVA Group plc, the global leader in industrial software, in connection with AVEVA’s fully underwritten rights issue to raise gross proceeds of approximately £2.835 billion through the issue of 125,739,796 new ordinary shares at an issue price of £22.55 per right issue share, making it the largest UK rights issue of 2020
• Various clients on accelerated book-build equity transactions and UK cash box financings, including Hays plc (€200 million), Assura plc (€185 million), JD Wetherspoon plc (£141 million), Polypipe Group plc (£120 million), Diversified Gas & Oil plc (US$86 million), IWG plc (£320 million), Dechra Pharmaceuticals plc (£133.4 million), SIG plc (€165 million), The Unite Group plc (£300 million), Taylor Wimpey plc (£522 million), Aston Martin Lagonda plc (£152 million), and Zealand Pharma (DKK657.7 million)
• The joint global coordinators and the joint bookrunners in connection with the €2.3 billion  initial public offering of leading Italian paytech company, Nexi S.p.A., on Borsa Italiana
• Solarpack in connection with its €100 million initial public offering on the Barcelona, Bilbao, Madrid, and Valencia Stock Exchanges (Spanish Stock Exchanges)
• Moncler S.p.A., the Italian designer of luxury winter jackets, in connection with its €681.3 million initial public offering (Rule 144A/Reg. S) listed Borsa Italiana S.p.A.
• Salvatore Ferragamo S.p.A. in connection with its €378.9 million global initial public offering (Rule 144A/Reg. S) listed on Borsa Italiana S.p.A.
• The joint global coordinators in connection with the €8 billion capital increase and rights offering by Enel S.p.A.

Debt Capital Markets

• Unicredit S.p.A. in the 144A/Reg S issuances under its US$ Global MTN Program, including:  
  • A US$1.5 billion tier 2 instrument 
  • US$3 billion senior non-preferred notes due 2023
  • US$1.25 billion 3.750% notes due 2022 and US$750 million 4.625% notes due 2027, for an aggregate value of US$2 billion 
  • A US$1 billion tier 2 instrument with an innovative callable structure
• Eni S.p.A. in the 144A/Reg S issuances of: 
  • A fixed rate bond with a 10-year maturity for a total principal amount of US$1 billion
  • A dual tranche fixed rate bond with maturities of five and 10 years for a total principal amount of US$2 billion
• The underwriters in connection with the issuance by Atlantica Sustainable Infrastructure of US$100 million of its 4.00% green exchangeable senior notes due 2025
• The initial purchasers in connection with Mytilineos Financial Partners S.A.’s 2.5% senior notes due 2024
• Goldman Sachs in connection with a high yield offering (Rule 144A/Reg. S) by AS Roma Football Club of €275 million aggregate principal amount of 5.125% senior secured notes due 2024