LONDON - Warburg Pincus, through its affiliate WP XII Venture Holdings II SCSp, has initiated an accelerated bookbuild to sell approximately EUR 150 million of ordinary shares in IONOS Group SE, a European web hosting and cloud partner services company. The transaction, which commenced immediately following the announcement, is aimed exclusively at institutional investors and will be managed by Barclays (LON:BARC) Bank PLC, Berenberg, Deutsche Bank AG (NYSE:DB), and J.P. Morgan SE as Joint Global Coordinators and Joint Bookrunners.
IONOS, the company whose shares are being placed, will not be a party to the transaction and will not receive any proceeds from the sale. Post-announcement, the shares are available for purchase in a process that may conclude on short notice. The selling shareholder has agreed to a lock-up period of 60 days after the sale, with certain standard exceptions.
The offering is exempt from the registration requirements of the U.S. Securities Act of 1933 and is directed at "qualified investors" in the European Economic Area and the United Kingdom (TADAWUL:4280). The shares in question have not been registered under the U.S. Securities Act and, as such, cannot be offered or sold within the United States absent an exemption from or a transaction not subject to the registration requirements of the act.
The placement is subject to legal restrictions in various jurisdictions, and the announcement of the sale cannot be released, published, or distributed in countries where it would be unlawful, including but not limited to the United States, Australia, Canada, and Japan.
The bookrunners are acting solely on behalf of the selling shareholder and will not provide advice to any other party regarding the placement. They may, however, engage in transactions in the securities of IONOS for their own account in connection with the offering.
This sale is part of a series of transactions in which investment firms reallocate assets and take profits from their holdings. The information regarding the accelerated bookbuild offering is based on a press release statement.
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