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.
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Airtac makes pneumatic components for pressurised air and gas systems
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<div style="text-align: left;"> Airtac makes pneumatic components for pressurised air and gas systems </div>

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 demand became clear it decided to go ahead and sell its entire position. Notably it was able to do so while still fixing the price at the top end of the range.

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