France unquote" November/December 2011
PAI Partners has sold a further 15 million shares in listed Danish food ingredients company Chr Hansen, raising DKK 1.73bn (c€232.5m). The shares were priced at DKK 115 per unit, an improvement on the DKK 90 share price achieved at the time of last year’s IPO. PAI’s stake in the business was reduced to 26%.
PAI bought Chr Hansen Holding's food ingredients business for DKK 8.2bn in May 2005. The June 2010 IPO raised net proceeds of DKK 3.15bn from newly issued shares, while PAI and the company's management team received DKK 2.04bn from selling existing shares, including a fully exercised over-allotment option.
In the November/December edition of France unquote":
*Spinouts
*Debt fears hit investment
*And more...
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