As announced in the press release of 9 June 2008, the entry of Parcom Quoted Equity as a strategic reference shareholder of Transics was followed by an accelerated bookbuilding process which successfully closed today.
In the sale process 3,259,375 shares were sold to institutional investors mainly in Belgium, the Netherlands, the UK, France, Germany and the US at a price of € 17 per share which represents a discount of 2% to the closing price of 9 June 2008. The book was comfortably covered. CETP Transics (Carlyle) and Mr Ludwig Lemenu have fully exited the share capital of Transics. Mr Mastelinck will remain an important shareholder with 10% of the shares in Transics and has agreed to a lock-up of his shares for a period of six months. As a result of the accelerated bookbuilding the free float will increase from 33% to 74%. ING and Fortis have acted as Joint Bookrunners in the accelerated bookbuilding.
Following settlement Transics main shareholders will be:
- Parcom Quoted Equity: 16.5%
- Mr. Walter Mastelinck: 10%
Trading of the shares in Transics on Euronext Brussels will resume on 11 June 2008.
“We're pleased to see how the private placement was such a success, bringing in new shareholders from all over Europe and the United States. It is, in our view, clear proof that the financial world has faith in the potential of our company. We are deeply indebted to the Carlyle Group, which has lent us great assistance over the past two years, thereby providing us with the support and visibility we needed to further expand our business. In addition, we shouldn’t forget the continued support we get from the banks. In spite of today’s harsh economic climate, they’re always prepared to assist Transics and its shareholders. The entire company is determined to keep driving Transics’ growth in the years to come and we wholeheartedly welcome our new shareholders," said Walter Mastelinck, Transics’ CEO.
Vladimir Lasocki, Managing Director at The Carlyle Group said, “Transics is an example of a company that delivers outstanding growth through innovation and excellence in execution. We are proud to have supported the company’s growth through our investment and sector expertise. We are delighted with this outcome and wish the company and its shareholders every success in the future.”
Not for release, distribution or publication into or in the United States, Canada, Australia or Japan
This announcement is not an offer to sell or a solicitation of any offer to buy the shares of Transics International NV ("Transics") in the United States, Canada, Australia or Japan or in any other jurisdiction. The information contained herein is not for publication or distribution into the United States, Canada, Australia or Japan. Neither this announcement nor any copy of it may be taken or distributed or published, directly or indirectly, in the United States of America, Canada, Australia or Japan.
Transics International NV, quoted on Euronext Brussels, develops and commercialises high-end fleet management solutions (on board computers, software and services) for the transport and logistics sector. With an installed base of over 50,000 on-board computers, Transics is one of the leading European players in its sector. In addition to its headquarters in Ypres (Belgium), Transics is active in 22 other European countries.
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