Wed, 21 Mar 2018 4:20 pm EDT
PITTSBURGH--Evoqua Water Technologies Corp. (NYSE: AQUA) today announced the closing of a secondary public offering of 20,125,000 shares of its common stock by certain stockholders of the company, including certain affiliates of AEA Investors LP (collectively, the “Selling Stockholders”) at a public offering price of $22.00 per share, which included 2,625,000 shares sold upon full exercise of the option to purchase additional shares granted to the underwriters by the Selling Stockholders.
The closing of the offering of 17,500,000 shares took place on March 19, 2018, and the closing of the sale by the Selling Stockholders of the additional 2,625,000 shares pursuant to the underwriters’ option to purchase additional shares followed on March 21, 2018. The company did not sell any shares in the offering and did not receive any proceeds from the sale of shares by the Selling Stockholders, including from the exercise by the underwriters of their option to purchase additional shares.
J.P. Morgan, Credit Suisse and RBC Capital Markets acted as joint lead book-running managers in the offering. Citigroup and Goldman Sachs & Co. LLC also acted as joint book-running managers in the offering. Morgan Stanley, Baird, Cowen, Raymond James, Stifel and Wells Fargo Securities acted as co-managers in the offering.
The offering of these securities was made only by means of a prospectus. Copies of the final prospectus may be obtained from: J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or via telephone: 1-866-803-9204, or Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, One Madison Avenue, New York, New York, 10010, or by telephone at +1 (800) 221-1037, or by email at newyork.prospectus@credit-suisse.com or RBC Capital Markets, LLC, Attention: Equity Syndicate, 200 Vesey Street, 8th Floor, New York, New York, 10281, or by telephone at 1-877-822-4089, or by email at equityprospectus@rbccm.com.
A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on March 14, 2018. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Evoqua Water Technologies
Evoqua Water Technologies is a leading provider of mission critical water and wastewater treatment solutions, offering a broad portfolio of products, services and expertise to support industrial, municipal and recreational customers who value water. Evoqua has worked to protect water, the environment and its employees for more than 100 years, earning a reputation for quality, safety and reliability around the world. Headquartered in Pittsburgh, Pennsylvania, the company operates in more than 150 locations across nine countries. Serving more than 38,000 customers and 200,000 installations worldwide, our employees are united by a common purpose: Transforming Water. Enriching Life®.
About DESOTEC
DESOTEC, founded in 1990, is the leading European provider of mobile filtration solutions through a unique and circular service concept, which helps protect the planet by enabling clean water, air, and soil. DESOTEC's customer base is constantly growing thanks to a strong focus on 24/7 service and a commitment to design and deliver the best solution in close dialogue with the customer. Through in-depth expertise of industrial applications and continuous investment in mobile filters, reactivation capacity and well-positioned hubs, DESOTEC ensures that the industry can meet the increasing regulations for a better and cleaner environment. Private equity funds managed by Blackstone acquired DESOTEC in 2021. Further information is available at www.desotec.com.
About Blackstone
Blackstone is the world’s largest alternative asset manager. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our $951 billion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, infrastructure, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information is available at www.blackstone.com.
