CVC and RBS sell another $287 million of Samsonite shares

The reverse-inquiry club deal cuts their combined stake in the luggage specialist to about 20%, while a block trade in Indonesia’s Harum Energy is pulled due to lack of demand.

CVC and RBS sell another $287 million of Samsonite shares

Five months after their previous sell-down, private equity firm CVC Capital Partners and Royal Bank of Scotland have offloaded another batch of shares in Samsonite International, the world’s biggest travel luggage company, raising a combined HK$2.23 billion $287 million.

The deal was done at a fixed price on the back of a reverse inquiry and allocated to a small group of high-quality investors, a source said yesterday. The marketing was also targeted to...

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition


  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...