Simpson Thacher represented Talanx Aktiengesellschaft (“Talanx”) as U.S. counsel in connection with its initial public offering of ordinary shares in Germany and Luxembourg and simultaneous Rule 144A and Regulation S offering. The offering raised approximately €517 million (approx. $674 million).
The IPO is the largest in Germany since November 2007.
Talanx is Germany’s third-largest insurer and holds a 50.2 percent stake in Hannover Re, the world’s third-largest reinsurer. It trades on the Frankfurt Stock Exchange under the symbol “TLXGn.DE”. Based on the IPO price, the company is valued at around €4.6 billion (approx. $6.0 billion).
The Simpson Thacher team for the transaction included: Greg Conway, Mark Brod and Anais Fritz (Corporate) and Meredith Jones and Adam Wells (Tax).
