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%.
HTGF and Vogel Ventures have previously backed cash management software Inventorum
Early-stage round led by angel investor Steen Ulf Jensen
Deal marks the fifth add-on for the broadband network construction company since 2017
Alcedo V will target Italian companies with high-growth potential and an export-orientated approach