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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Rank Lead Manager Amount $m No of issues Share %
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1 Citi 346,069.71 1350 8.09%
2 JPMorgan 342,066.65 1471 7.99%
3 Bank of America Merrill Lynch 307,117.30 1065 7.18%
4 Barclays 258,537.34 976 6.04%
5 Goldman Sachs 227,890.51 774 5.33%

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1 BNP Paribas 48,411.81 205 6.53%
2 JPMorgan 46,311.15 105 6.25%
3 UniCredit 40,595.43 182 5.48%
4 SG Corporate & Investment Banking 38,348.83 146 5.17%
5 Credit Agricole CIB 38,097.35 189 5.14%

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Rank Lead Manager Amount $m No of issues Share %
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1 JPMorgan 14,514.87 63 9.19%
2 Goldman Sachs 13,469.15 66 8.53%
3 Citi 9,971.36 58 6.32%
4 Morgan Stanley 8,572.10 54 5.43%
5 UBS 8,414.70 37 5.33%