CommScope Holding Company, Inc. (NASDAQ: COMM) has sold 19,716,970 shares of its common stock on an underwritten basis by an affiliate of The Carlyle Group, the company said.
CommScope will not receive any of the proceeds from the offering of shares by Carlyle. Closing of the offering is expected to occur on or about November 16, 2016, subject to customary closing conditions.
Morgan Stanley and Jefferies are acting as the joint book-running managers for the offering.
Following the offering, Carlyle will not own any shares of common stock of CommScope.
CommScope helps companies around the world design, build and manage their wired and wireless networks.