Madison Air jumps after unveiling $2.25 billion private placement

Madison Air Solutions

25/08/2026 14:39

** Heating, ventilation and air conditioning firm Madison Air Solutions' MAIR.N shares jump 16.4% to $29.06
** MAIR unveils $2.25 billion private placement with certain accredited investors to fund a portion of its recently announced acquisition of German fan maker ebm-papst
** Billionaire Larry ⁠Gies, the sole manager of MAIR's controlling stockholder, will buy $300 million of shares in placement, while Madison Solutions, an entity affiliated with Gies, is buying $320 million of shares
** Goldman Sachs acted as lead placement agent and Barclays Capital acted as placement agent 
** MAIR has 501.7 million outstanding shares, per LSEG data
** 9 of 11 brokerages rate the stock "buy" or higher and 2 "hold"; median PT $39.50 - data compiled by LSEG
** As of last close, MAIR stock down 7.5% from April debut

 (Reporting by Arasu Kannagi Basil in Bengaluru)
 ((ArasuKannagi.Basil@thomsonreuters.com;))