KKR sells 4.4% stake in Legrand

Goldman Sachs is running the accelerated bookbuilding process. The sale involves 11.5 million shares valued at €23.6 each. Following the sale, KKR will hold a 20.6% share of Legrand with 27.5% of voting rights.

KKR alongside Wendel, which chose not to participate in the sale, hold a combined 45.5% stake in the company and 60.8% of voting rights. Back in November 2009, the investment houses had already announced the sale of an 11% stake in Legrand.

KKR and Wendel originally took the company private in 2003 before re-introducing it on the stock exchange in 2006.

Limoges-based Legrand is a global electronic equipment company. The firm was founded in 1860.

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• Topics
• Exits
• France
• Consumer
• France
• Goldman Sachs
• KKR
• Wendel