Portfolio company news

All Group media enquiries should be directed to
Vanessa Maydon, Corporate Affairs Director.

Cinven Partners LLP
Warwick Court
Paternoster Square
London EC4M 7AG

 

Tel: +44 (0)20 7661 3325
Mob: +44 (0)7802 961 902
Email: Vanessa Maydon

Press releases

Coor
26 February 2016

Sale of shares in Coor Service Management Holding AB (“Coor”)

Today, 26 February 2016, Cinven has through the indirectly owned company Cinoor S.à r.l. (the "Shareholder") sold 21,000,000 shares in Coor, corresponding to 21.9% of the shares in Coor, in an accelerated book-building process at a price of SEK 35 per share (the "Placing"). The interest from investors was very strong and in order to meet the demand the initial deal size was increased from c. 17 million shares to 21 million shares.

After the Placing, the Shareholder owns 12,083,842 shares, corresponding to 12.6% of the shares in Coor. In line with market practice, the Shareholder has agreed to a 90 day lock-up on the remaining shares it holds in Coor, subject to customary exceptions.

Nordea Bank AB (publ) and UBS Limited acted as Joint Bookrunners in connection with the Placing.