{"id":648585,"date":"2013-03-25T08:14:32","date_gmt":"2013-03-25T12:14:32","guid":{"rendered":"https:\/\/www.pehub.com\/?p=192776"},"modified":"2013-03-25T08:14:32","modified_gmt":"2013-03-25T12:14:32","slug":"reuters-cvc-capital-rbs-exit-512m-stake-in-samsonite","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/648585","title":{"rendered":"Reuters \u2013 CVC Capital, RBS Exit $512M Stake in Samsonite"},"content":{"rendered":"

Private equity firm CVC Capital Partners<\/strong> and Royal Bank of Scotland<\/strong> sold a combined $528 million stake in Hong Kong-listed luggage maker Samsonite International<\/strong>, according to a term sheet seen by Reuters<\/em> on Monday. The 212.4 million shares were sold at HK$19.28 ($2.48) each, the terms showed. That would put the total deal at about HK$4.1 billion, with about 65 percent of the shares sold by CVC and the remainder by RBS.<\/p>\n

(Reuters<\/em>) – Private equity firm CVC Capital Partners and Royal Bank of Scotland sold a combined $528 million stake in Hong Kong-listed luggage maker Samsonite International, according to a term sheet seen by Reuters on Monday.<\/p>\n

The 212.4 million shares were sold at HK$19.28 ($2.48) each, the terms showed. That would put the total deal at about HK$4.1 billion, with about 65 percent of the shares sold by CVC and the remainder by RBS.<\/p>\n

Luxembourg-based Samsonite listed in Hong Kong in 2011 in a $1.25 billion initial public offering, with CVC and RBS jointly raising about $821 million by selling into the IPO.<\/p>\n

With the latest sale, CVC and RBS exited completely their holdings in the company.<\/p>\n

Goldman Sachs was the sole underwriter on the selldown. ($1 = 7.7628 Hong Kong dollars) (Reporting by Elzio Barreto and Clement Tan; editing by Miral Fahmy)<\/p>\n

The post Reuters \u2013 CVC Capital, RBS Exit $512M Stake in Samsonite<\/a> appeared first on peHUB<\/a>.<\/p>\n

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<\/p>\n","protected":false},"excerpt":{"rendered":"

Private equity firm CVC Capital Partners and Royal Bank of Scotland sold a combined $528 million stake in Hong Kong-listed luggage maker Samsonite International, according to a term sheet seen by Reuters on Monday. The 212.4 million shares were sold at HK$19.28 ($2.48) each, the terms showed. That would put the total deal at about […]<\/p>\n","protected":false},"author":7427,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-648585","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/648585","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/7427"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=648585"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/648585\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=648585"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=648585"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=648585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}