I Screwed Up Germany’s Largest IPO

March 4, 2014 by David Parry

telefonica deutschland financial tombstone

Mea culpa…

Or, in this case, mea culpa, Terra Firma….

…and J.P. Morgan…and UBS…and most of all, to both Teléfonica Deutschland and Deutsche Annington.

In a recent blog post, we—more specifically, I—mistakenly referred to the Deutsche Annington IPO as Germany’s largest in the past 5 years.

The ultimate size of the offering by Terra Firma, which was only one part of the related transactions commemorated by the Deutsche Annington deal toy, didn’t quite qualify it for that distinction. Whatever other claims could be made on behalf of the Deutsche Annington deals, as well as the participating banks—and they were and are considerable—this one proved inaccurate. I sincerely apologize to all the banks involved, and want to give both my thanks and apologies again to the banker who alerted us to the error. The post has since been corrected.

On the bright side, it turns out that the deal toy for the IPO that actually was the largest in Germany in the past 5 years was, thankfully, also designed and manufactured by The Corporate Presence. We are very pleased to feature it here.

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