Renold plc has raised US$48 million
December 2009 — Renold plc, which is listed on the main market of the London Stock Exchange, has raised funds through a placing and open offer and firm placing which completed in December 2009. The funds are to be used to strengthen the group's balance sheet, leaving it well positioned for industry consolidation.
Renold plc is a Manchester-based international engineering group operating in 20 countries producing a wide range of high quality engineering products and application solutions, principally industrial steel chain and related power transmission products. The company's market-leading products can be seen in diverse applications from cement making to chocolate manufacturing, subway trains to power stations, escalators to quarries.
Our role in the transaction
Oaklins Smith & Williamson, based in the UK, acted as sponsor to the shareholders in this secondary fundraising.
Talk to the deal team
Related deals
Mattina Holding has sold a 5% stake in Gens Aurea via accelerated bookbuild
Mattina Holding S.A. (DVC Partners) has sold a 5% stake in Italian company Gens Aurea S.p.A. through an accelerated bookbuild, raising approximately US$69.96 million.
Learn moreTandem has completed a voluntary public tender offer for the shares of Compagnia dei Caraibi
Tandem S.r.l. has completed a voluntary public tender offer for 25.99% of the shares in Compagnia dei Caraibi S.p.A.
Learn moreICOP has transferred its listing from Euronext Growth Milan to Euronext Milan
ICOP S.p.A. has transferred its listing from Euronext Growth Milan to Euronext Milan.
Learn more