Star Capital is preparing to raise €300m ($345m) through the initial public offering of its portfolio company Vincorion SE, a manufacturer of generators, electric motors, drive systems, and other defence equipment, according to a report by Bloomberg.
The offering will sell 17.65 million shares at €17 each, giving Vincorion a market value of roughly €850m. Star Capital has included an over-allotment option that could increase proceeds by up to €45m once trading begins on March 20. The IPO has alr...
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