Deutsche Bank in Secondary Block Trade of 7,000,000 Shares of Common Stock of KEMET
May 31, 2011
Cleary Gottlieb represented the underwriter, Deutsche Bank Securities, in a secondary block trade of an aggregate of 7,000,000 shares, $0.01 par value, of common stock of KEMET Corporation, by one of its shareholders, K Equity, an affiliate of Platinum Equity Capital Partners II, at a price to the public of $14.60 per share, pursuant to a registration statement on Form S-3. The offering launched on May 24, priced on May 25 and closed on May 31. The 7,000,000 shares were held by K Equity pursuant to a warrant exercised by the underwriter.
KEMET, based in Simpsonville, South Carolina, is a global manufacturer of a wide variety of capacitors, including tantalum, multilayer ceramic, solid and electrolytic aluminum and film and paper capacitors. KEMET did not receive any proceeds from the offering.