IMCD completes Share Offering to finance Acquisition of US Distributor The M.F. Cachat Company

Specialty chemicals distributor IMCD N.V. (Rotterdam, The Netherlands) last week announced that the company has raised EUR 85 mn of equity through the offering of 2.6 million newly issued shares, representing 5.2% of the company’s share capital before the capital increase and 4.0% after the transaction. The offer price was EUR 32.79 per share. The net proceeds will be used to finance the acquisition of 80% of US specialty chemicals distributor The M.F. Cachat Company, including 100% of MJS Sales Inc., according to the statement.
In parallel to the capital increase by the company, Emma (BC) Holding S.C.A., an entity indirectly controlled by the investment funds managed by Bain Capital Investors, LLC, has sold 7.4 million ordinary shares in IMCD to institutional investors at an offer price of EUR 32.79 per share.
The offer received strong support from institutional investors, IMCD said.

Source: IMCD press release

HGE – DCG / 18.05.2015