CVC, RBS raise US$290m in Samsonite stake sale

Private equity firm CVC Capital Partners and Royal Bank of Scotland sold a combined $290 million stake in Hong Kong-listed luggage maker Samsonite International, a term sheet seen by Reuters showed.

The 138.3 million shares were sold at HK$16.20 each, a 4.9 per cent discount to Samsonite’s Friday’s close of HK$17.04, the terms showed. That would put the total deal at HK$2.24 billion, with about 65 per cent of the shares sold by CVC and the remainder by RBS.

via Business feed http://www.scmp.com/business/money/markets-investing/article/1127724/cvc-rbs-raise-us290m-samsonite-stake-sale