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Allen & Overy advises Shurgard on its first ECM transaction since its 2018 IPO

Allen & Overy advises Shurgard on its EUR300m share capital increase by way of an accelerated bookbuild - its first ECM transaction since its 2018 IPO. 

Shurgard Self Storage, a leading player in the storage solutions industry, has successfully initiated a significant share capital increase of EUR300m via an accelerated bookbuild, with legal counsel provided by Allen & Overy acting as Belgian, English and US law advisor to the company. This marks Shurgard's first notable Equity Capital Markets (ECM) transaction since its IPO in 2018.

The intraday primary raise aims to generate funds for Shurgard's strategic growth initiatives, focusing on acquisitions and the development of new storage facilities.

The A&O team was led by counsel Sophie Rutten in Belgium and partners James Roe and Jeff Hendrickson in London, and supported by associates Sofie Haelterman and Katrien Wilmots.

Shurgard is the largest provider of self-storage in Europe. The company owns and/or operates 275 self-storage facilities and approximately 1.4 million net rentable square meters in seven countries: France, the Netherlands, the United Kingdom, Sweden, Germany, Belgium and Denmark.