Vincorion Owner Seeks €300 Million in Defense Firm’s German IPO

Private equity firm Star Capital is looking to raise €300 million ($345 million) through the initial public offering of defense technology group Vincorion SE.

The buyout group is offering 17.65 million shares at €17 apiece, which values Vincorion at a market capitalization of €850 million, according to a statement. Star Capital may raise a further €45 million through an overallotment option, after the stock starts trading in Frankfurt on March 20.