CVC and RBS offload another $289 million of Samsonite shares

The club-type deal was prompted by reverse inquiries and is the third sell-down by the two pre-IPO shareholders since Samsonite’s listing in 2011.

Private equity firm CVC Capital Partners and Royal Bank of Scotland have sold another batch of shares in Samsonite International, the world’s biggest travel luggage company, raising a combined HK$2.24 billion $289 million.

The sale was conducted over the weekend, about four months after their previous sell-down in mid-September when the two pre-IPO shareholders raised a total of $287 million at a 3.3% discount.

Like the September transaction, the latest deal was done on the back of reverse inquiries and it was completed as a club-type deal. The process began on Saturday evening and it was wrapped up by Sunday evening, a source said...

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