Ardian Moves to Exit Planisware Stake Following IPO
- Planisware shares have risen about 70% since Paris debut
- Deal follows sales in Deliveroo, Galderma, Moonpig this week
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Buyout group Ardian is looking to sell its remaining holding in Planisware SA, profiting from a rally in the French software firm’s shares since its initial public offering earlier in the year.
Ardian intends to sell 3.2 million shares, representing about 4.6% of the company’s issued share capital, for about €85 million ($94 million), according to a term sheet seen by Bloomberg. Citigroup Inc. and BNP Paribas SA are arranging the sale.