Essentra raises £100m to fund US M&A
Essentra, the UK maker of plastic and fibre components, has sold £100m of new stock to finance its acquisition of 3C! Packaging in the US, via an accelerated bookbuild.
The placing was launched after the market close on Thursday evening. There is a retail offer via PrimaryBid, the app that helps retail shareholders participate in primary share sales by London-listed companies.
Jefferies and Peel Hunt were bookrunners. Lazard was financial adviser to the company.Essentra ...