Dutch pipe manufacturer Wavin has announced that ABN AMRO Rothschild, Lehman Brothers and Merril Lynch International, in their capacity of joint global coordinators and joint bookrunners and in name of the banking syndicate, have exercised the overallotment option in its entirety. As a result, CVC Capital Partners and AlpInvest Partners have sold 3.371.313 existing shares for the offer price of EUR 11 per share.Following the exercise of the option, the free float of Wavin's shares has increased by 4.3% to a total of 47.8%.
Earlybird, Hummingbird and Endeavour Catalyst have exited to US-based mobile game designer Zynga
GP invests via its renewable-energy-dedicated fund Green Arrow Energy Fund
Ingo Stoff will be part of the Munich-based team and joins from the PE division of a family office
Transaction is made via a club deal which saw participation of several private investors alongside Cherry Bay