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.
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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