CCMP may cash out of Jamieson with new $241 mln offering
U.S. private equity firm CCMP Capital Advisors and another Jamieson Wellness Inc shareholder have increased the size of their secondary offering of shares. They plan to offer about 13 million shares at a price of 18.50 per unit, generating about $240.9 million in gross proceeds, not including the greenshoe option. That is up from a prior target of about $150.2 million. CCMP, which bought Jamieson in 2014, will as a result reduce its stake from 39.2 percent to 4.7 percent or, if the greenshoe option is exercised, to zero. Jamieson, a Canadian vitamin and natural health products company, went public in July.
4 October 2017•4 mins read
