Exor Launches Accelerated Bookbuild Offering for Ferrari Shares
Deal News | Feb 26, 2025 | Exor
Exor, a prominent private equity firm, has announced the launch of an Accelerated Bookbuild Offering for approximately 4% of Ferrari's outstanding shares. This strategic transaction highlights Exor's ongoing investment management and portfolio adjustment strategies within the luxury automobile sector. The offering is subject to legal restrictions based on the jurisdiction of interested parties, and access to materials related to the offering is limited. The transaction does not serve as an offer or solicitation to buy securities in the United States or any jurisdiction where such actions would be deemed unlawful. This move is part of Exor's broader strategy to optimize its asset portfolio, reflecting its approach to managing holdings in premium brands efficiently.
Sectors
- Private Equity
- Automotive
- Financial Services
Geography
- Italy – Exor is an Italian holding company, and Ferrari is an iconic Italian automobile manufacturer.
Industry
- Private Equity – The article pertains to Exor, a private equity firm, and its strategic investment decisions regarding its holdings.
- Automotive – Ferrari, the subject of the share sale, is a renowned luxury automobile manufacturer.
- Financial Services – The article involves an Accelerated Bookbuild Offering, a financial service related to investment banking and securities distribution.
Financials
- 4% – Approximate percentage of Ferrari's outstanding shares involved in the offering.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Exor | Selling Company | Company | Exor is a major private equity firm and holding company, known for its strategic investments and management of a diverse portfolio, including premium automobile brands. |
| Ferrari | Target Company | Company | Ferrari is a globally recognized luxury sports car manufacturer. |