Press Release

White & Case Advises Underwriters on Technogym IPO

Global law firm White & Case LLP has advised the syndicate of banks led by Goldman Sachs International, J.P. Morgan and Mediobanca on the €162 million initial public offering of Technogym on the Milan Stock Exchange, in which approximately 25 percent of the company's ordinary shares were sold.

Technogym is a manufacturer of fitness equipment based in Italy that has become a world leader in the sector. Based on an offering price set at €3.25 per share, Technogym's market capitalization amounts to approximately €650 million.

Goldman Sachs, J.P. Morgan and Mediobanca - Banca di Credito Finanziario S.p.A. acted as Joint Global Coordinators and Joint Bookrunners.

The White & Case team which advised on the transaction was led by partners Michael Immordino (London & Milan), Ferigo Foscari (Milan) and Inigo Esteve (London) and associates Piero de Mattia, Robert Becker, Patrick Meson and Alessandro Picchi and lawyer  Luca Valerio Silviani (all Milan).

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