Baar-Zug, 8 November 2012
Launch of accelerated book built offering to allow Partners Group’s co-founders to significantly increase investments alongside clients and expand the free float of shares in Partners Group
Partners Group, the global private markets manager, announced on Monday, 5 November 2012 that its founding partners, Dr. Marcel Erni, Alfred Gantner and Urs Wietlisbach, intend to significantly increase their personal investments alongside clients.
The founding partners will offer up to approximately 3.18 million secondary shares in an accelerated book built offering with initial price guidance of CHF 180-185 per share. In order to support an orderly aftermarket trading, the founding partners have granted an option for the purchase of approximately an additional 0.17 million shares to cover over-allotments, if any. The final amount of the offering will be determined following the bookbuilding process. A minimum of CHF 300 million of any proceeds from the placement would be invested in programs with direct investment content alongside clients.
Assuming all of the shares are sold in the offering and the full exercise of the over-allotment option, the founding partners will each retain in excess of 10% of Partners Group's total share capital.
The books are now open. In connection with the offering, the founding partners have agreed not to sell any further shares until 1 January 2014, subject to certain exceptions.