EQT has fully exited its investment in Galderma Group AG through the sale of approximately 34 million shares in a transaction worth around CHF4.9bn ($5.5bn), marking what the firm described as the largest sponsor-backed block trade on record.
The shares were placed via an accelerated book-building process on 13 March. As part of the transaction, the EQT VIII vehicle generated about CHF1.3bn in gross proceeds. The deal was coordinated by a syndicate of banks including Goldman Sachs, Morgan Stanle...
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