Trio win Eu1.2bn Legrand mandate

04 Mar 2011

Kohlberg Kravis Roberts and Wendel on Thursday mandated Deutsche Bank, JP Morgan and Nomura, a Eu1.2bn sale of Legrand stock representing more than 60 days’ trading volume.

The private equity firms raised Eu568m when they last sold a chunk of Legrand, 23.7m shares, in September. That deal was mandated to two of Thursday’s three joint bookrunners: Deutsche Bank and Nomura which waived the 180 day lock-up agreed on the previous deal.

Since then the shares have ...

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