Davis Polk advised Netcompany Group A/S on the initial public offering of 20,000,000 existing ordinary shares (excluding any shares comprised by the over-allotment option) sold by Netcompany’s shareholders, including certain funds managed by FSN Capital IV and certain members of Netcompany’s management and employees. There is an overallotment option in respect of an additional 3,000,000 shares. With an offer price set at DKK 155 per share, the gross proceeds to the selling shareholders (assuming no exercise of the overallotment option) amounted to approximately DKK 3.1 billion (approximately $500 million). The implied market capitalization of Netcompany is DKK 7.75 billion (approximately $1.2 billion).

Netcompany is a pure-play, next-generation IT services company, focused on delivering business critical IT solutions to large public and private sector customers to lead and support them in their digital transformation journeys. Netcompany has approximately 1,400 employees based in its key geographies of Denmark, Norway and the United Kingdom and an additional approximately 300 employees based in Poland and Vietnam.

The Davis Polk corporate team included partner Jeffrey R. O’Brien, counsel Connie I. Milonakis and associates Andrew Rowe and Christopher Diel. Counsel Alon Gurfinkel and associate Veronica Orecharova provided tax advice. Partner Gregory S. Rowland and counsel Sarah E. Kim provided 1940 Act advice. Members of the Davis Polk team are based in the London and New York offices.

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