November 13, 2017 |
International Meal Company has raised BRL444.6m ($136m) in a restricted follow-on equity offering, offloading 55.57m shares for BRL8 apiece.
The Brazilian casual diner said in a securities filing that investment funds FIP Semolina and FIP Brasil Empreendimentos sold 21.9m and 33.58m shares it held, respectively.
FIP Semolina also sold a further 30,000 shares, increasing the company's trade by 0.05%, the securities filing showed.
Both funds were formed by private equity fund Advent International.
Brazilian casual diner swoops on an uptick in stock prices, obtains $136m for two selling shareholders