Subscribe to AfterDawn's weekly newsletter.
SAF-HOLLAND Launches IPO Roadshow
BESSENBACH, Germany, July 6 /PRNewswire/ --
- Price Range for SAF-HOLLAND Shares set at EUR 22.50 to EUR 28.00
- Planned Placement of up to 11,514,798 Million Shares (Plus Greenshoe of
a Further 1,727,220 shares)
- First Listing on Frankfurt Stock Exchange's Prime Standard Planned for
24 July
SAF-HOLLAND S.A., Luxembourg, a leading world provider of high-quality
product systems to the truck and trailer industry, published the key data of
its planned IPO today. The offering consists of up to 5,120,000 shares from a
capital increase and up to 6,394,798 existing shares owned by existing
shareholders. The existing shareholders are also making about 1,727,220
shares available as a greenshoe. If full use is made of the greenshoe, the
free float will be approximately 70%, with a total of 18,837,375 shares
outstanding.
The price range was set by the company and existing shareholders jointly
with Morgan Stanley, the sole bookrunner, at EUR 22.50 to EUR 28.00. The
issue size is up to EUR 371 Mio.
"With the merger of SAF and HOLLAND we have made SAF-HOLLAND a
leading global provider of high-quality product systems for large commercial
vehicles. We are now ready to go public and will be presenting our growth
story to the capital market in the days ahead," said SAF-HOLLAND S.A. CEO
Rudi Ludwig.
SAF-HOLLAND S.A. shares will be offered to the public in
Germany from 9 July 2007 to 20 July 2007. This will be accompanied by an
international private placement with institutional investors outside of
Germany and the US. "We aim to use the IPO proceeds to make good use of our
international market opportunities, profiting from the strong growth of the
logistics sector. We will be stepping up the expansion of our production and
our service and distribution network, especially in the growth markets of
Brazil, Russia, India and China," Ludwig said.
SAF-HOLLAND S.A. shares are to be traded on the Frankfurt stock market in
the Prime Standard segment under the symbol SFQ and the ISIN LU0307018795.
About SAF-HOLLAND:
SAF-HOLLAND pro-forma sales in 2006 totalled about EUR 770
million. The company has over 3,100 employees at 20 locations on five
continents. Pro-forma adjusted EBIT was approximately EUR 65 million. Its
product portfolio ranges from premium axles and axle systems, truck and
trailer chassis, fifth wheels and king pins, the trailer counterpart to the
fifth wheel, to trailer couplings and supports for articulated trucks.
SAF-HOLLAND customers include most leading truck and trailer manufacturers
around the world. Products are sold via a worldwide service and distribution
network to original equipment manufacturers (OEMs), original equipment
suppliers (OESs) and via the spare parts market directly to end users and
service workshops. At present the equity investment company Pamplona Capital
Partners I, LP holds 61% of the shares in SAF-HOLLAND. The remainder is held
by the founding families and the management.
This publication is neither an offer to sell nor an invitation to buy
securities of any kind. The offering in Germany is solely via and on the
basis of the prospectus that has been published on the company's website
(www.safholland.com) and is available free of charge from the company and the
syndicate banks.
These materials are not an offer of securities for sale in the United
States. The securities to which these materials relate have not been
registered under the US Securities Act of 1933, as amended (the "Securities
Act"), and may not be offered or sold in the United States absent
registration or an exemption from registration under the Securities Act.
There will be no public offering of the securities in the United States. Not
for publication or distribution in the United States, Canada, Japan or
Australia.
This document is only distributed to and aimed at (i) persons outside the
United Kingdom or (ii) professional investors as per Article 19(5) of the
Financial Services and Markets Act 2000 and the Financial Promotion Order
2005 (the "Order"), or (iii) high net wealth companies and other high net
wealth persons as per Article 49(2)(a) to (d) of the Order (these persons
jointly being termed "qualified persons"). All of the securities named herein
are available only to qualified persons and any invitation, offer or
agreement to subscribe to, buy or otherwise acquire them is made only to
qualified persons. Persons who are not qualified persons should on no account
act with regard to or in confidence in this information or its contents.
Media Contact:
Merlin Koene, CNC AG
+49-173-204-6365
merlin.koene@cnc-communications.com






