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People & Business :: Companies
Private Equity Shareholders Exit Brenntag
10:47 AM MDT | July 11, 2012 | Ian Young
Brachem Acquisition SCA, the biggest shareholder in Brenntag, has sold all of its Brenntag shares and has exited the company. Brachem controlled Brenntag shares on behalf of private equity firms BC Partners, Bain Capital, and Goldman Sachs Capital Partners. Brachem placed 6.9 million Brenntag shares with institutional investors in an accelerated bookbuilding process, at a price of €89 ($109.47)/share. The €611-million transaction was led by Deutsche Bank and Goldman Sachs. As a result, the amount of Brenntag's equity listed on the Frankfurt Stock...
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