Provider: Zacks Investment Research Inc.
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CVC, Royal Bank of Scotland Group PLC Exit Samsonite International SA With $528 Million Stake Sale Terms-Reuters
Reuters reported that private equity firm CVC Capital Partners and Royal Bank of Scotland Group PLC sold a combined $528 million stake in Samsonite International SA. The 212.4 million shares were sold at HKD19.28 ($2.48) each. That would put the total deal at about HKD4.1 billion, with about 65% of the shares sold by CVC and the remainder by RBS. With the latest sale, CVC and RBS exited completely their holdings in the company. Goldman Sachs was the sole underwriter on the selldown.
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