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H.I.G. Capital in Partial Exit from Brazilian Advertising Company Eletromidia via IPO for US$17m (em português)

12 February 2021

H.I.G. Capital has partially exited its stake in Brazil-based outdoor advertising company Eletromidia via the company’s R$871.6m (approximately US$162m) IPO on the B3. According to regulatory filings, H.I.G. Capital’s Vesuvius FIP Fund sold shares worth R$91.97m (approximately US$17m), reducing its stake from 80.48% to 53.33%. 

(Money Times) A oferta inicial de ações (IPO) da empresa de painéis de publicidade Eletromidia (ELMD3) saiu a 17,81 reais por ação e movimentou 871,6 milhões de reais, segundo informações publicadas no website da Comissão de Valores Mobiliários (CVM).

O preço ficou no piso da faixa estimativa dos coordenadores da oferta, os bancos Morgan Stanley, Itaú BBA, Bradesco BBI, Santander (SANB11) e UBS-BB, que ia até 23 reais por ação.

A companhia captou 700 milhões de reais com a venda de ações novas, cujos recursos usará para expansão orgânica e aquisições.

Os fundos Vesuvius LBO e Olonk, sócios na empresa, venderam o equivalente a 171,6 milhões de reais no negócio.

Fundada em 1993 e com sede em São Paulo, a Eletromidia se apresenta como líder do setor no país, com 54 mil painéis tanto digitais como estáticos expostos em locais como elevadores, metrô, shopping centers e aeroportos.

As ações da companhia devem ter sua estreia na B3 na próxima quarta-feira (17).

H.I.G. Capital in Partial Exit from Brazilian Advertising Company Eletromidia via IPO for US$17m (em português) was last modified: February 23rd, 2021 by csantos
AdvertisingB3BrazilEletromidiaFIP FundH.I.G. CapitalPrivate CapitalVesuvius
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