Deal Details
Initial Public Offering
Summary
Baird served as a bookrunner on this offering
About
Gardner Denver Holdings, Inc. (“Gardner Denver” or the “Company”) (NYSE: GDI), a portfolio Company of Kohlberg Kravis Roberts & Co. L.P. (“KKR”), recently completed an initial public offering of 47,495,000 common shares at a price of $20.00 per share, generating gross proceeds of approximately $949.9 million. The Company intends to use the net proceeds of this offering to redeem its senior unsecured notes and repay borrowings under its senior secured term loan facility.Gardner Denver is a leading global provider of mission-critical flow control, compression equipment and associated aftermarket parts, consumables and services, which it sells across multiple attractive end-markets within the industrial, energy and medical industries. The Company’s comprehensive range of products and services, application expertise and engineering heritage, allow Gardner Denver to provide differentiated product and service offerings for its customers' specific uses. The Company supports customers through a global footprint of 37 manufacturing facilities and more than 30 service and repair centers across six continents. Gardner Denver employs approximately 6,100 individuals and is headquartered in Milwaukee, Wisconsin.
KKR is a leading global investment firm that manages investments across multiple asset classes including private equity, energy, infrastructure, real estate, credit and hedge funds. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and driving growth and value creation at the asset level. KKR invests its own capital alongside its partners' capital and brings opportunities to others through its capital markets business.
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- Date
- May 2017
- Company
- Gardner Denver Holdings, Inc.
- Transaction
- M&A
- Sectors
- Industrial
- Target Geography
- North America
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