Bantleon sells €140m LPKF stake via placing, ending M&A process

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By Sam Kerr
28 May 2020

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.

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