The planned initial public offering will broaden the shareholder base of VAT by selling the shares of existing VAT shareholders – owned by the private equity owners Partners Group and Capvis Equity Partners – to new investors, writes VAT in a news release. The company anticipates that the shares will be listed within the next six months.
VAT is a leading global developer, manufacturer and supplier of high-performance high-end vacuum valves, multi-valve modules and edge-welded bellows and is headquartered in Haag in the canton of St.Gallen. In 2015 the company had net sales of CHF 411 million, representing an increase of 13 per cent over the previous year. It employs 1,192 people worldwide,
UBS and Credit Suisse are leading the stock sale as joint global coordinators and lead managers as well as J.P. Morgan as lead manager. Bank Vontobel and Berenberg Bank are acting as co-lead managers, complemented by the St.Galler Kantonalbank as the selling agent. Lilja & Co. is acting as an independent advisor for Partners Group, Capvis Equity Partners and VAT.