CVC and RBS sell $216 million of Samsonite shares

The sale, which accounts for less than 20% of their combined stake, comes about four months after a lock-up expiry and as the Samsonite stock breaks above the IPO price.

CVC and RBS sell $216 million of Samsonite shares

Two trading days after Samsonite International’s share price once again closed above the IPO price, private equity firm CVC Capital Partners and Royal Bank of Scotland teamed up to sell a portion of their remaining stakes in the luggage specialist at a 4.7% discount.

Investors had been expecting a trade from either or both of the two sellers since mid-December when the IPO lock-up expired, but yesterday’s transaction still seemed to take the market somewhat...

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition

CONFERENCES