Biocartis deal shows block buyers taking greater care

ECM bankers have found investors more receptive to blocks than expected so far this year. Nonetheless, buyers have demanded more from sellers before they commit to a deal, a trend in evidence in the €55m share sale in Biocartis on Wednesday night.

  • By Sam Kerr
  • 24 Jan 2019

Berenberg, KBC and Kempen & Co were bookrunners on the transaction, which grew from an initial size of €45m by €10m.

The banks were able to attract two anchor investors to the deal, which launched early Wednesday evening.

The deal was priced at €11.10 per share, an 8.3% ...

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