November 13, 2017 |
Bain Capital sold off 12.3m shares in Brazil's Atento at a slight discount to last week's closing price, netting $111m in the process.
The secondary follow-on equity offering priced at $9 a share, lower than the $10.05 closing price last Thursday. Stock was spotted at $9.15 on Friday afternoon, down 8.96% on the day's trading.
Morgan Stanley, Credit Suisse and Itau BBA coordinated the share sale and have up to 30 days to purchase as much as 1.84m shares through an overallotment option.
Private equity firm secures $111m after selling shares in the Brazilian outsourcing firm