Exor Announces Successful Accelerated Bookbuild for Ferrari Shares
Deal News | Feb 27, 2025 | Exor
Exor, a prominent private equity firm, has announced the successful completion of an accelerated bookbuild offering, involving approximately 4% of Ferrari's outstanding shares. The initiative reflects Exor's strategy to monetize a portion of its investment in the luxury car manufacturer, while maintaining a significant position in the company. The transaction does not constitute an offer or solicitation to buy securities in the United States or other restricted jurisdictions, underlining the legal compliance in its execution. This move will likely influence Ferrari's shareholder composition, offering insights into Exor's future investment strategies.
Sectors
- Private Equity
- Luxury Automotive
- Investment Banking
Geography
- United States – The article specifies legal restrictions regarding the offer of securities in the United States.
- Italy – Ferrari, the company whose shares are sold, is an Italian luxury sports car manufacturer.
Industry
- Private Equity – Exor is a private equity firm involved in managing and monetizing its investment portfolio.
- Luxury Automotive – Ferrari, as the target company, operates in the luxury automotive sector, known for manufacturing high-end, performance vehicles.
- Investment Banking – The accelerated bookbuild process typically involves investment banking services for executing and pricing offerings.
Financials
- 4 – Percentage of Ferrari's outstanding shares involved in the accelerated bookbuild offering.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Exor | Selling Company | Company | A prominent private equity firm involved in selling part of its stake in Ferrari. |
| Ferrari | Target Company | Company | An Italian luxury sports car manufacturer whose shares are being sold. |