Waterland announces pricing of its institutional offering of shares in Arseus

Antwerp, 8 April 2014 - Waterland Fund IV C.V., through its subsidiaries Enhold NV and Supply Holding B.V., announces the successful placement of 8,363,865 existing ordinary shares (the “Shares”) of Arseus NV (“Arseus”), representing 26.67% of Arseus’ currently outstanding capital. Following strong demand, Waterland decided to upsize the transaction from 20.0% to the entire 26.67% stake it held in the company. The Shares have been  placed at a price of €35.0 per share, resulting  in  gross cash proceeds of c. €292.7 million. Arseus will not receive any proceeds from the Offering.

The Shares were placed through an accelerated private placement to institutional investors inside and outside Belgium, and to qualified institutional buyers in the United States in reliance on Rule 144A.

Settlement will take place on Friday 11 April 2014.

J.P. Morgan Securities plc acted as Sole Global Coordinator and Joint Bookrunner, Petercam acted as Joint Bookrunner and KBC Securities acted as lead manager in connection with the Offering.

2014-04-08T08:00:00+00:00April 8th, 2014|