Block sale

Financial advisor together with STJ Advisors to Rhône Capital

AZ Capital and STJ Advisors acted as financial advisors to Rhône Capital on its c. €301 MM sell-down of shares in Fluidra SA, a leading global manufacturer and distributor of equipment for swimming pools.

The offering, representing a 4,9% stake in Fluidra’s capital, was launched on the back of a 24-hour wall-crossing exercise heavily weighted towards a selected group of long-only accounts well-educated on the Fluidra equity story. The transaction was a success, being priced at a tight discount compared to the market average discount.

Sector: Industry