EQT completes sale of shares in Galderma Group AG

Whats Happening:

EQT, a private equity fund, has completed the sale of 15,000,000 shares in Galderma Group AG through an accelerated bookbuilding process. The placement resulted in aggregate gross proceeds of approximately CHF 1.3 billion, with EQT receiving about CHF 354 million from the sale.

Key Moves:

• EQT completes placement of 15 million shares in Galderma Group AG

• Total gross proceeds from the sale amount to CHF 1.3 billion

• EQT receives approximately CHF 354 million from the transaction

By The Numbers:

• 15,000,000 shares of Galderma Group AG sold

• Total gross proceeds: CHF 1.3 billion

• EQT's share of proceeds: CHF 354 million

Bottom Line:

EQT's successful completion of the Galderma Group AG share placement demonstrates the fund's ability to execute large-scale transactions in the public markets. The CHF 354 million in proceeds for EQT represents a significant return on their investment, though the exact profit margin is not disclosed in the press release.

Read Full Article