Baring Private Equity exits Taiwan’s Airtac

The deal is almost doubled in size to $64 million following strong demand and still prices at the top end of the range.

Baring Private Equity exits Taiwan’s Airtac
Airtac makes pneumatic components for pressurised air and gas systems

Baring Private Equity last night sold its remaining shares in Taiwan-based Airtac International Group, raising NT$1.89 billion $64 million. It was a small trade particularly to begin with but it still attracted the interest of almost 30 investors, which allowed the deal size to be almost doubled from the initial plan.

The seller initially offered to sell 5.8 million shares, which accounted for 53.5% of Baring’s remaining stake, but when the level of...

To continue reading, please login or register for free

Click for more on: placement | block | manufacturing | private equity | baring | ubs

Print Edition

FinanceAsia Print Edition

CONFERENCES