Jamieson Wellness underwriters exercise $45M greenshoe
Jamieson Wellness Inc.’s underwriters have exercised their overallotment option, purchasing an additional 2.85 million shares at $15.75 each for $45-million.
JAMIESON WELLNESS Inc. has provided a further update to its recently completed initial public offering of common shares, including a treasury offering and a secondary offering by certain shareholders, including CCMP Capital Investors III Aggregator (AV-3) Ltd. (the CCMP shareholder), an entity that is controlled by certain funds to which investment advisory services are provided by CCMP Capital Advisors LP (CCMP), of an aggregate of 19.05 million common shares at a price of $15.75 per common share. The overallotment option granted to the underwriters by CCMP was exercised in full for additional gross proceeds to the CCMP shareholder of $45,005,625. The sale of the additional common shares today by the CCMP shareholder brings the total gross proceeds of the offering to $345,043,125, with Jamieson Wellness and the selling shareholders receiving gross proceeds of $244,987,391 and $100,055,734, respectively.
The common shares are listed on the Toronto Stock Exchange under the symbol JWEL.
BMO Capital Markets and RBC Capital Markets acted as joint bookrunners for the offering with a syndicate that included CIBC World Markets Inc., Scotiabank, National Bank Financial Inc., TD Securities Inc., Canaccord Genuity Corp. and Cormark Securities Inc.
Immediately prior to the closing of the overallotment option, the CCMP shareholder owned 17,801,760 common shares, representing an approximate 47.2-per-cent equity interest in the company. After giving effect to the sale of 2,857,500 common shares pursuant to closing of the overallotment option, the CCMP shareholder owns 14,944,260 common shares, representing an approximate 39.7-per-cent equity interest in the company.
The common shares were acquired by the CCMP shareholder for investment purposes. The CCMP shareholder may determine to sell all or some of the common shares it holds, depending upon price, market conditions, availability of funds, evaluation of alternative investments and other factors.
An early warning report will be filed by the CCMP shareholder in accordance with applicable securities laws and will be available on SEDAR or may be obtained directly from Richard Jansen, managing director, general counsel and chief compliance officer of CCMP, upon request at 212-600-9600.
The CCMP shareholder is formed under the laws of the Cayman Islands and its registered office is care of Intertrust Corporate Services (Cayman) Ltd., 190 Elgin Ave., George Town, Grand Cayman. CCMP is a leading global private equity firm specializing in buyout and growth equity investments.
About Jamieson Wellness Inc.
Jamieson Wellness is dedicated to improving the world’s health and wellness with its portfolio of innovative natural health brands. Established in 1922, Jamieson Vitamins is the company’s heritage brand and Canada’s No. 1 consumer health brand. Jamieson Wellness manufactures and markets sports nutrition products and specialty supplements under its Progressive, Precision and Iron Vegan brands. The company also markets products by Lorna Vanderhaeghe Health Solutions (LVHS), the No. 1 women’ s natural-health-focused brand in Canada.
We seek Safe Harbor.
Louis Aronne, Douglas Cahill, Mark Hornick, Joseph Scharfenberger, David Michael Williams, Richard Zannino
(JWEL) Shares: 38,462,855