TI Fluid Systems slumps after Bain Capital sells 40m shares
TI Fluid Systems tumbled on Thursday after BC Omega - which is indirectly controlled by investment funds advised by Bain Capital - sold 40m shares in the company in a placing.
TI Fluid Systems
11 November 2021 08:21:27
Source: Sharecast
The shares were sold to institutional investors via an accelerated bookbuild at 250p each, raising gross proceeds of £100m.
Following completion of the placing, BC Omega will hold just over 191m shares in TI Fluid, which is a stake of around 36.72%.
JP Morgan and Peel Hunt acted as lead bookrunners in connection with the placing. Barclays Bank, Citigroup, Deutsche Bank, Goldman Sachs and Numis acted as bookrunners.
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