Sotera Health drops as PE sponsors to slice stakes

Sotera Health

03/09/2025 22:35

** Sotera Health's SHC.O shares down 5.4% post-market to $15.11 after it launches secondary offering

** Ohio-based sterilization and lab equipment testing services firm says private equity firms Warburg Pincus and GTCR to part ways with load 20 mln shares

** Prior to offering, Warburg owned 73.8 mln shares, or ~26% stake, and GTCR held 49.2 mln shares, or 17.33% of SHC's ~284 mln shares outstanding, per the prospectus filing

** Goldman Sachs sole underwriter for the offering

** SHC shares closed regular session on Weds down 1.1% at $15.98

** Stock has risen ~42% over the past month, putting it up ~17% YTD

** 4 of 7 analysts rate the stock "strong buy" or "buy", rest rate "hold" and median PT is $17, LSEG data reflects

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))