Terra Firma's Deutsche Annington reattempts IPO

The revived plans see the company halve its inital target of €1.2bn to €575-592m, with investors offered shares at €16.5-17, less than the initially proposed €18-21.The firm plans on selling 24,242,425 million primary and 6,060,606 million secondary shares in the offering.

The original public offering was planned to go through last week but was cancelled due to low investor demand.

Terra Firma bought DAI in February 2001. KfW and Landesbank Hessen-Thüringen Girozentrale provided an €833m debt package for the acquisition. In July 2012, the private equity firm agreed to inject a further €500m into the company as part of a restructuring plan for DAI's €4.3bn debt burden.

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• Topics
• Exits
• DACH
• Terra Firma
• Germany
• IPO