Lock-up waiver vindicated as Sig Combibloc trade is increased

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By Sam Kerr
14 Nov 2019

Hungry investors gulped down a Sfr420m block trade in shares of Sig Combibloc, the Swiss food and beverage packaging company, on Wednesday night after banks allowed shareholder Onex Capital to sell shares early.

Bank of AmericaCitigroup, Credit Suisse and Goldman Sachs were mandated by Onex to be bookrunners on the accelerated trade. BofA, Credit Suisse and Goldman had been the global co-ordinators on Sig's IPO in 2018, while Citigroup had been one of the bookrunners on it.

The selling shareholder was ...

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