other material
confidence high
sentiment neutral
materiality 0.55
Chart enters co-investment agreement with BDT&MSD for HTEC shares; put/call options at $51.20/share
CHART INDUSTRIES INC
- BDT&MSD acquires all HTEC shares from ISQ; Chart and BDT&MSD sign co-investment agreement with put/call options.
- BDT&MSD can put all HTEC shares to Chart at $51.20/share (plus 11.25% annual increase after 3rd anniversary) on certain triggers.
- Chart can call up to 85% of BDT&MSD’s HTEC shares after 3 years at 12.75% IRR or 1.8x multiple.
- Chart also receives right of first offer/refusal on BDT&MSD’s HTEC shares.
- Prior ISQ co-investment agreement and tri-party agreement terminated effective April 30, 2025.