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Cirsa Completes €453 million Initial Public Offering

07.09.25

Simpson Thacher represented CIRSA Enterprises S.A.U., a Blackstone portfolio company, with its registration and approval by the Spanish Securities Market Commission (CNMV) in relation to the public offering of its ordinary shares listed on the Barcelona, Bilbao, Madrid and Valencia Stock Exchanges.

The Offering consists of a primary offering of newly issued Shares targeting a €400 million equity raise, as well as a secondary sale of approximately €53 million, solely for the purposes of settling taxes and other expenses associated with the management holdings.

Cirsa is an international gaming platform with market leading positions in Spain, Latin America, Morocco, and Italy. The net proceeds of the primary offering will be used primarily to accelerate Cirsa’s growth strategy and strengthen its capital structure by reducing its leverage.

The Simpson Thacher team includes Carol Daniel, Srishti Gupta, Alejandro De Ramon-Laca, Eugenia Repetto, Alessio D'Alessandro, Yun Kei Chow and Lampros Anastasopoulos (Finance and Capital Markets); and Geoffrey Bailhache, Deborah Harris, Nishita Vasan, Emily Fanning and Harry Smouha (Corporate).