Paine & Partners holds 12% of Costa Group following IPO
Paine & Partners LLC said Thursday that portfolio company Costa Group has completed its IPO on the Australian Securities Exchange. Costa sold about 245 million shares at an IPO price of A$2.25 (US$1.64) raising A$550 million (US$400.8 mln) in proceeds. Paine & Partners holds an approximate 12% equity stake in Costa following the IPO and is its largest stockholder. Victoria, Australia-based Costa produces, markets and exports fresh fruit and vegetables.
30 July 2015•4 mins read
