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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