BC Partners places 11 million shares of Brenntag AG with institutional investors

11 million shares for a total price of EUR 668 million sold

05-Oct-2010 - Germany

Brachem Acquisition S.C.A., controlled by BC Partners funds and the majority owner of Brenntag AG, placed 11 million shares of Brenntag AG for a price of EUR 60.75 per share with institutional investors in an accelerated bookbuilding process. Accordingly the freefloat increased from close to 30 percent to over 50 percent.

Previously, the former owner voluntarily had signed a lock-up period of six months which expired on September 29, 2010. Also after the transaction, funds managed by BC Partners indirectly remain Brenntag’s largest shareholder and will further support the company on its growth path. The transaction was led by Deutsche Bank.

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