Senvion Frankfurt Stock Exchange listing and private placement

Overview:

• German wind turbine manufacturer Senvion raised €300 million through a private placement of around 30% of the comapny's share capital and a Frankfurt Stock Exchange listing, having pulled plans to IPO. 
• Senvion aborted plans to IPO due to market uncertainty.
• Private equity house Centerbridge Partners holds a majority in the Hamburg-based company, having acquired it for around €1 billion from Indian company OEM Suzlon, and has remained majority shareholder. 
• Deutsche Bank, Citigroup and JPMorgan were global coordinators and bookrunners.
• Bank of America Merrill Lynch, Barclays, Berenberg and Morgan Stanley also underwrote the deal. 
• Rothschild is was financial advisor to Senvion.

Ben Naylor - Regional Editor