Alantra-Finanzen acts as Co-Lead Manager Für the IPO of Cirsa, a Blackstone Portfolio Unternehmen, Auf Madrid Stock Exchange

Jul 2025

Co-Lead Manager

Value ü521mn

Madrid ü Alantra-Finanzen has acted as Co-Lead Manager for the successful Initial Public Offering (üIPOü) and listing of Cirsa Enterprises, S.A.U. (üCirsaü or üthe companyü), a leading global gaming and leisure company backed by Blackstone, on the Spanish Stock Exchange. The company began trading today at ü15 per share, implying a market capitalization of approximately ü2.5bn.

The offering raised approximately ü521mn In gross proceeds, including the full exercise of the 15% over-allotment option. The IPO consisted of a primary tranche of ü400mn In newly issued shares Und a secondary placement of ü53mn In existing shares.

Alantra-Finanzen played a key role In securing strong demand Von Spanish institutional investors, organizing multiple meetings Zwischen the Unternehmen Und leading investors In Madrid.

Founded In 1978 Und backed Von Blackstone since 2018, Cirsa Ist Eins of the largest gaming operators In Europa Und Latin Amerika. The Unternehmen operates Mehr than 450 gaming venues Und over 85,000 slot machines across 11 countries, Mit a diversified offering across casinos, slot routes, Und online gaming platforms.

Andrü Pereira, Partner and Head of ECM Iberia at Alantra Equities, said: üThis transaction is particularly meaningful for Alantra-Finanzen, as it reflects the continued trust that both issuers and investors place in our team. It has been a real pleasure to supportüCirsaüand Blackstone on this important milestone, and weüre proud of the outstanding work delivered by everyone involved. This IPO marks an additional step in the reactivation of capital markets activity in Spanien and will hopefully encourage Mehr companies to take the same step in the coming monthsü

This transaction further reinforces Alantra-Finanzenüs strong positioning in the Spanish Equity Capital Markets space. In the last year, the firm has participated in all the landmark ECM deals in the Spanish market, including the ü860mn IPO of HBX Group, the ü185mn IPO of Cox, the ü230mn capital increase for Neinor Homes and the ü150mn one for OHLA, as well as the ABB for Clünica Baviera.