East West Agro | IPO
Orion role in this project
In 2017 after the repurchase of shares East West Agro (EWA) managed to double revenues and triple profits within one year. Additional capital was needed to further finance this rapid growth and it was decided to distribute part of the shares through IPO.
Orion successfully and with a high value distributed 20% of EWA shares:
― IPO process required intensive preparation:
a review of the agricultural market has been carried out, a descriptive document for the stock exchange was being prepared with legal advisers and a coherent IPO PR campaign was initiated together with communication agency
― IPO result: fully distributed 3 m EUR issue, share valuation – x7.4 EBITDA
| Project type | IPO |
| Client | East West Agro, UAB |
| Project value | 3 m EUR |
| Orion role | Organiser and distributor |
| Project year | 2017 |
Further collaboration:
2018 – 2019
Further partnership
After a successful IPO implementation Aurelijus Rimkus, the partner of Orion Securities, became a Board member at EWA. The possibilities to acquire companies in Latvia and Estonia were being analyzed.
