10 Jan 2013
3i exits NORMA Group - Placement of 5,314,341 million shares with institutional investors
- Private Equity
This placement represents the entire remaining stake of 16.7 percent held by 3i. Accordingly, 3i is no longer a shareholder in NORMA. Berenberg Bank acted as Bookrunner.
During 3i’s investment, NORMA grew from a formerly family-owned business into a market leader in engineered joining technology. After its investment in 2006, 3i supported NORMA’s merger with Swedish ABA Group and its subsequent acquisitions of Breeze and R.G. Ray. This enabled the company to expand its product range and significantly grow its international exposure, which lead to NORMA’s successful IPO on the Frankfurt Stock Exchange in April 2011.
Ulf von Haacke, Partner and Managing Director of 3i Germany, commented: ‘3i is very proud to have contributed to the success of NORMA which has grown from a regional player in Germany to an undisputed international leader in its market.’
-Ends-
Contact:
3i Germany
Katharina Blumenfeld
Tel: +49 (0)69 92 18 74 69
Email: kblumenfeld@heringschuppener.com
About 3i
3i is a leading international investor focused on mid-market private equity, infrastructure and debt management across Europe, Asia and the Americas.
www.3i.com
For further information please contact:
Kathryn van der Kroft
kathryn.vanderkroft@3i.com
tel. +44 207 975 3021