RBS, CVC Capital Sell $528 Million Shares in Samsonite

By

Royal Bank of Scotland and private equity firm CVC Capital Partners sold their combined $528 million shares in luggage maker Samsonite International, Reuters said.

According to a sheet seen by Reuters, each share, which amounts to 212.4 million, was sold at HK$19.28, which would place the overall deal at about HK$4.1 billion. This also shows that CVC Capital sold about 65 percent of the shares and the rest are by RBS.

In 2011, Hong Kong listed Luxembourg-based Samsonite in a $1.25 billion initial public offering in which both RBS and CVC jointly raised about $821 million through IPO.

The IPO, which exited the holdings of CVC and RBS in Samsonite, was solely managed by Goldman Sachs.

Tags
Stock Share Sale, IPO

© 2024 VCPOST.com All rights reserved. Do not reproduce without permission.

Join the Conversation

Real Time Analytics