InfraDefenceThe capital behind defence.
IPO · Completed · 25 Sep 2020

Hensoldt IPO on the Frankfurt Stock Exchange

Growth, investment and balance sheet (net leverage fell from 4.6x to 3.1x)

Company
Hensoldt
Type
IPO
Status
Completed
Date
25 Sep 2020
Value
€300m
US$ equivalent
US$343m
Value basis
IPO: about €300m of new shares plus about €160m sold by the KKR-owned shareholder (with greenshoe)
Region
Germany
Segment
Listed equity

Parties

Key terms

Structure
IPO: about €300m of new shares plus about €160m sold by the KKR-owned shareholder (with greenshoe)
Pricing
€12 per share (range €12-16)

Sources

  1. Hensoldt: final offer price set at EUR 12 per share investors.hensoldt.net · 24 Sep 2020

Record DEF-INV-2020-0007. Investments are kept apart from the financings register and never counted in debt totals.

Randeep Bubbra
InfraDefence Weekly

The week in defence finance, read from the filings.

Deals, terms and the clauses behind them, for the people financing primes, mid-tiers and new defence technology. By Randeep Bubbra.

Working on a financing like this? Book 20 minutes with Randeep to see how it compares.

Newsletters

Weekly, one email. Work email only. Unsubscribe any time. Privacy.