Forgent Power Solutions closes follow-on offering of 48,622,000 Class A shares at $47 each

Forgent Power Solutions

Forgent Power Solutions

FPS

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  • Forgent Power Solutions closed a public offering of Class A common stock priced at USD 47 per share.
  • Deal included 15,852,319 shares sold by the company, including 2,114,739 from the underwriters’ option.
  • Selling stockholders sold 32,769,681 shares, including 4,227,261 from the underwriters’ option.
  • Company net proceeds funded redemption of interests in an operating subsidiary held by existing equity owners controlled by Neos Partners.
  • Goldman Sachs, Jefferies, Morgan Stanley led the offering.


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