Basic Fit block sells fast but dips slightly in trading

A sale of shares Basic Fit by 3i was greeted warmly by investors on Wednesday night, but fell in trading on Thursday.

  • By Aidan Gregory
  • 27 Sep 2018

3i sold 3.7m shares, a 6.8% stake in Basic Fit, for €112.8m. At the €30.50 final offer price, the deal cleared at a 5.7% discount to the close on Wednesday. Morgan Stanley and ABN Amro were bookrunners.

The stock closed at €29.25, 4% below issue price. 

The blocks market has become ...

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All International Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 JPMorgan 163,028.47 711 8.04%
2 Citi 160,005.15 642 7.90%
3 Bank of America Merrill Lynch 132,268.74 528 6.53%
4 Barclays 127,185.71 494 6.28%
5 HSBC 106,407.22 534 5.25%

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1 Bank of America Merrill Lynch 12,912.95 35 6.60%
2 BNP Paribas 12,334.48 61 6.31%
3 UniCredit 11,196.47 58 5.73%
4 Citi 9,580.75 37 4.90%
5 Deutsche Bank 8,953.95 35 4.58%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
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1 Morgan Stanley 5,579.06 26 10.66%
2 JPMorgan 4,866.13 28 9.30%
3 Goldman Sachs 4,405.13 21 8.41%
4 Citi 3,774.81 24 7.21%
5 UBS 3,602.23 16 6.88%