Lone Star increases block trade and exits Forterra

Lone Star Funds, the US private equity group, has achieved a full exit from Forterra, the UK brick maker, after an accelerated bookbuild led by Numis Securities and Peel Hunt on Thursday night which was increased due to strong demand.

  • By Aidan Gregory
  • 21 Apr 2017


The block initially consisted of up to 70m shares, a 33% stake, and was covered before launch as a result of a wall-crossing exercise within the initial range of 190p to 195p.

Launched shortly after the market close in London, the deal got covered quickly.

At 6.30pm the ...

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