Form 4: GTCR Investment XI LLC Sells 10 Million Shares of Sotera Health Co in Public Offering

GTCR Investment XI LLC and affiliated entities sold 10 million shares of Sotera Health Co (SHC) at $15.03 per share in an underwritten public secondary offering.

Summary

• GTCR Investment XI LLC, along with affiliated entities including GTCR Fund XI/A LP, GTCR Fund XI/C LP, GTCR Co-Invest XI LP, and GTCR Partners XI/A&C LP, filed a Form 4 with the SEC.
• On September 6, 2024, these entities sold 10,000,000 shares of Sotera Health Co (SHC) common stock in an underwritten public secondary offering.
• The sale price was $15.03 per share.
• Following the offering, the GTCR XI Funds collectively hold 49,215,301 shares of Sotera Health Co common stock.
• The reporting persons are directors-by-deputization solely for purposes of Section 16 of the Exchange Act.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it simply reports a transaction. It's a standard process for private equity firms to reduce their holdings.

Industry Context

Private equity firms like GTCR often reduce their stakes in portfolio companies through secondary offerings after a period of ownership and value creation. This allows them to realize gains and return capital to their investors.

Key Dates