CCMP Capital Advisors, LP and Dr. Louis J. Aronne has agreed to sell 8,120,000 common shares of Jamieson Wellness Inc. (TSX: JWEL) at $18.50 per share for gross proceeds of $150,220,000, by way of bought deal secondary offering led by BMO Capital Markets and RBC Capital Markets.
CCMP will be selling 8,100,000 common shares and Dr. Louis J. Aronne will be selling 20,000 common shares.
Dr. Aronne, MD, FACP, Clinical Professor of Weill Cornell Medical College at Cornell University, has been a director of Jamieson since April 2014.
CCMP has granted the underwriters an option, exercisable at the offering price for a period of 30 days following the closing of the offering, to purchase up to an additional 15% of the offering to cover over-allotments, if any.
The offering is expected to close on or about October 18, 2017.
Upon completion of the offering, CCMP will own approximately 6,658,751 common shares, representing an approximate 17.7% ownership interest, down from 39.2% at the time of the company’s initial public offering in July of 2017. If the over-allotment option is exercised in full, CCMP will own approximately 5,440,751 common shares, representing an approximate 14.4% ownership interest.
photo credit: Jamieson