Madison Air announces USD 2.25 billion private placement of unregistered Class A shares
MAIR•Proceeds to help fund acquisition
Proceeds are earmarked to fund the equity portion of a USD 5 billion acquisition of ebm-papst Mulfingen-related target companies.
Key investors and placement agents
Larry Gies is set to buy USD 300 million and affiliated Madison Solutions is set to buy USD 320 million. Both purchases are subject to one-year lock-ups.
Goldman Sachs led the placement, and Barclays also acted as placement agent.
Private placement priced at USD 2.25 billion
Madison Air priced a USD 2.25 billion private placement of unregistered Class A common stock.
The sale covers 90,108,130 shares at USD 24.97 each, with closing targeted around Sept. 1, 2026.
