InfraDefenceThe capital behind defence.
IPO · Completed · 7 Feb 2024

Renk IPO by private placement (Frankfurt)

Company
Renk Group
Type
IPO
Status
Completed
Date
7 Feb 2024
Value
€450m
US$ equivalent
US$487m
Value basis
Placement of existing shares by the Triton-backed selling shareholder, then listing
Region
Germany
Segment
Listed equity

Parties

Key terms

Structure
Placement of existing shares by the Triton-backed selling shareholder, then listing
Pricing
€15 per share

Sources

  1. Renk Group: private placement of shares from the holdings of the selling shareholder renk.gcs-web.com · 6 Feb 2024

Record DEF-INV-2024-0002. 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.