IMCD successfully completes share offering

Alleen voor leden beschikbaar, wordt daarom gratis lid!

Algemeen advies 12/05/2015 13:01
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR ANY OTHER STATE OR JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.
IMCD successfully completes share offering
· Offer price of EUR 32.79 per share
· 2.6 million new shares issued
· Bain Capital sold 7.4 million shares concurrently
ROTTERDAM, The Netherlands 12 May 2015 - IMCD N.V. ("IMCD" or "Company"), a leading distributor of speciality chemicals and food ingredients, today announces that it has successfully raised EUR 85 million through an accelerated bookbuilding offering (the "Offering") of 2.6 million newly issued shares (the "New Offer Shares") at an offer price of EUR 32.79 per share. The net proceeds from the New Offer Shares will be used to finance the acquisition of 80% of The M.F. Cachat Company, including 100% of MJS Sales Inc. ("MF Cachat"), a US specialty chemicals distributor, as announced in a press release on 11 May 2015.

The New Offer Shares represent 5.2% of IMCD's share capital before the capital increase and 4.9% after the transaction.

Allocation of the New Offer Shares has taken place today, 12 May 2015. Application for listing and admission to trading on Euronext Amsterdam of the New Offer Shares will be made. Settlement of the New Offer Shares is expected to take place on 14 May 2015.

The net proceeds will be used to finance the acquisition of MF Cachat.

Concurrently to the capital increase by the Company, Emma (BC) Holding S.C.A., an entity indirectly controlled by the investment funds managed by Bain Capital Investors, LLC ("Bain Capital"), has sold 7.4 million ordinary shares in the Company (the "Existing Offer Shares") to institutional investors at an offer price of EUR 32.79 per share. In consideration of the very strong demand from investors, Bain Capital has decided in conjunction with Joint Bookrunners to upsize the secondary offer from 5 million shares, as announced in a press release on 11 May 2015, to 7.4 million shares. As a result of this transaction, Bain Capital will hold 23.2% of the IMCD share capital following the capital increase.

Both the capital increase of New Offer Shares and the sale of Existing Offer Shares by Bain Capital received strong support from institutional investors. Most of the demand came from investors in the UK (39%) and US (32%). Investors from the rest of Europe made up 21% of total demand and from the rest of the world 8%.

Goldman Sachs International and Deutsche Bank AG, London Branch acted as joint bookrunners.




Beperkte weergave !
Leden hebben toegang tot meer informatie! Omdat u nog geen lid bent of niet staat ingelogd, ziet u nu een beperktere pagina. Wordt daarom GRATIS Lid of login met uw wachtwoord


Copyrights © 2000 by XEA.nl all rights reserved
Niets mag zonder toestemming van de redactie worden gekopieerd, linken naar deze pagina is wel toegestaan.


Copyrights © DEBELEGGERSADVISEUR.NL