Intercos fund shareholders L Catterton, OTPP sell 5.7% stake at 13.25 euros/shr
29/03/2023 07:01
MILAN, March 29 (Reuters) - Private equity fund L
Catterton and the Ontario Teachers' Pension Plan (OTPP) said
late on Tuesday they had completed the sale of an around 5.7%
stake in Italian cosmetics manufacturer Intercos ICOS.MI at a
price of 13.25 euros ($14.36) per share.
The sale took place through an accelerated bookbuilding
procedure managed by Jefferies and UBS, while Rothschild & Co
acted as financial advisor to the sellers.
Gross proceeds of the placement totalled about 73 million
euros, they said, adding that settlement had been set for March
31.
L Catterton and OTPP will come to hold approximately a 13.3%
and 10% stakes in Intercos, respectively, as a result of the
deal.
Shares in Intercos closed on Tuesday at 14.15 euros.
($1 = 0.9228 euros)
(Reporting by Federico Maccioni, editing by Cristina Carlevaro)
((Federico.maccioni@thomsonreuters.com; +39 3420768883;))