Five years after advising private equity firm PAI Partners on its acquisition of Danish food producer Chr. Hansen in 2005, Credit Suisse landed a role as global co-ordinator on the initial public offering of the company, getting a deal away as other offerings floundered.

Private equity-owned Chr. Hansen, a suppler of bioscience based ingredients, raised 5.5bn kroner (€742m) in an initial public offering in Copenhagen on Thursday. Shares priced at 90 kroner per share, towards the bottom of an initial range of 86 to 117 kroner. At 11:15 GMT this morning, shares were trading at 97.7 kroner.