Hellman & Friedman has notified the management board of Axel Springer AG that it is considering a placement of approximately 10% of Axel Springer shares. A precondition for the placement will be a sufficiently attractive capital market environment. Springer CEO Mathias Döpfner has welcomed the move by Hellman & Friedman, since it is in accordance with the company's need to reflect its true value via its share price. The company has a current free float allocation of less than 16%.
High-net-worth individuals and family offices are hunting for yield, concerned about low interest rates and market volatility
Fund expects to hit its target in the first quarter of 2020 and has already made six investments
Soprome and BTC Capital also back the takeover of the security services company
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