Deal Details

Secondary Offering

Industrial

Secondary Offering

Summary

Baird served as a bookrunner on this offering

About

Gardner Denver Holdings, Inc. (“Gardner Denver” or “the “Company”) (NYSE: GDI) recently priced a secondary offering of 22,000,000 common shares at a price of $27.25 per share, generating gross proceeds of approximately $599.5 million. The selling stockholders, including investment funds affiliated with Kohlberg Kravis Roberts & Co. L.P. (“KKR”), will receive all of the proceeds from the offering. In connection with the offering, the selling stockholders have granted the underwriters an option to purchase up to 3,300,000 additional shares of common stock from the selling stockholders.

Gardner Denver is a leading global provider of mission-critical flow control and 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 38 key manufacturing facilities and more than 30 complementary service and repair centers across six continents. Gardner Denver employs approximately 6,400 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.

Industrial

Secondary Offering