3i has floated its portfolio company SFC Smart Fuel Cell on the Prime Standard in Frankfurt. A total of 2,395,275 shares were placed at an issue price of EUR 37. The total placement comprises 1,317,990 shares from a capital increase and 726,073 shares from existing shareholders. An additional greenshoe cosisting of 351,212 shares has also been made available by the selling shareholders. The total issue volume excluding Greenshoe is EUR 89m. 3i placed 205,111 shares reducing its stake in the company from 15.5% to 9.3%.
New York State Common Retirement Fund (NYSCRF) has committed $400m to secondary special situations and new private lending investments in Asia-Pacific, according to documents seen by Unquote.
Fund completed its first deal, backing Poland-based household cleaning products manufacturer Clovin
BD-Capital is a recently established private equity firm targeting European mid-market businesses
GPs invest in the business alongside the founder Barbier and the management team led by Maderay