News Article 2014

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June 27 2014, David R Brown

IMCD Group float on Euronext Amsterdam attacts strong investor demand

The IMCD Group, a leading international speciality chemicals-focused distributor, has begun trading on Euronext Amsterdam with its ordinary shares offered in the Initial Public Offering (IPO) priced at €21.00 per ordinary share, resulting in a market capitalisation of €1,050 million. IMCD's ordinary shares are listed and admitted to trading under the symbol 'IMCD' on Euronext Amsterdam as of the 27 June 2014.

We have a strong growth story, which has clearly attracted a broad group of investors

Piet van der Slikke
CEO of IMCD

The IPO has attracted strong investor demand and was well oversubscribed and consisted of 2,860,905 New Offer Shares raising approximately €270 million of primary gross proceeds, and the sale of 7,604,388 Existing Offer Shares by Bain Capital and the sale of 1,534,707 Existing Offer Shares by certain managers of the Company in order to meet tax obligations, pay underwriting commissions and other costs that will become due in connection with the IPO.

Piet van der Slikke, IMCD's CEO commented, “We are pleased to announce the successful pricing of our IPO, evidenced by the strong interest from investors. We have a strong growth story, which has clearly attracted a broad group of investors. We would like to thank these investors for their trust in the Company and its management.”

In total the IPO consists of 22,000,000 Offer Shares leading to a total offering size of €462 million on the basis of the IPO price (excluding the over-allotment option). In addition, the Offering includes an over-allotment option of up to an additional 15% of the total number of Shares offered in the IPO. The over-allotment option consists of Shares offered by Bain Capital only. If the over-allotment option is exercised in full, the Shares purchased in the IPO will represent 50.6% of the total issued share capital of IMCD following the closing of the Offering.

About IMCD Group
IMCD Group B.V. is a market-leader in sales, marketing and distribution of speciality chemicals and food ingredients through a network of offices and warehouses located in Europe, Asia Pacific and Africa. Headquartered in Rotterdam, The Netherlands, IMCD had a turnover of around €1.2Bn in 2013 and employs in excess of 1250 professionals in 39 countries.

Source(s): IMCD Press Release

Further Information

Visit: http://www.imcdgroup.com