Bantleon sells €140m LPKF stake via placing, ending M&A process
Bantleon Group, the Swiss bank controlled by Joerg Bantleon, sold a €140m stake in Germany's LPKF Laser & Electronics, through an equity placing on Wednesday night. But the stake could have gone to a strategic US investor instead.
The company sold 7.01m shares at €20.10 each, a 5% discount to the close. Hauck & Aufhauser was the sole bookrunner on the deal.
The transaction was launched after a wall-crossing process, after which gave the bookrunner confidence in orders in excess of the deal size....