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...

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