Investors jump on £120m Hellermann placing after strong post-IPO gains

Doughty Hanson raised £120m through a sale of shares in UK cable equipment firm HellermannTyton on Wednesday night, with reverse enquiries and strong support from existing investors pushing the deal through a lock-up and securing tight pricing.

  • By Andrew Griffin
  • 26 Sep 2013

Doughty Hanson sold around 45m shares, 21% of Hellermann and half of its holding, for 265p each, a 6% discount to Wednesday’s 262p close.

The deal was launched on Wednesday evening at 4.40pm in London with no price range, after around 10 accounts had been wall-crossed. Books were ...

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