PAI-backed Chr Hansen targets DKK 3.16bn IPO

The book-building process, which will run from 25 May to 2 June, has set the offering price range at DKK 87-117 per share.

According to sources, the price range would correspond to valuation of 16-20x EBITDA, comparable to other sector players.

The capital raised would support the organic growth of the company as well as a buy-and-build strategy and pay off some of its debt.

PAI acquired the company in 2005 in a deal valued at DKK 8.2bn. The deal saw PAI take a 35.2% of the share capital and 64.3% of the votes in the company.

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