CVC and RBS exit Samsonite through final sell-down

The reverse inquiry-driven club-style deal is priced at a 3.5% discount and comes after the stock hit a new record high on Friday.

CVC and RBS exit Samsonite through final sell-down

Less than two years after they took the company public, CVC Capital Partners and Royal Bank of Scotland have sold their remaining stake in Samsonite International, the world’s largest luggage maker, raising HK$4.1 billion $528 million.

The sale was done through a club-style deal on Sunday and came after Samsonite’s share price jumped 13.7% on the back of a strong earnings report last week to reach a new record close on Friday. The...

FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

Print Edition

FinanceAsia Print Edition

EVENTS