CVC and RBS in Samonsite sale

City A.M. Reporter
PRIVATE equity firm CVC Capital Partners and Royal Bank of Scotland have sold a combined $290m (£180m) stake in Hong Kong-listed luggage maker Samsonite International, according to a term sheet of the deal.

The 138.3m 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$2.24bn , with about 65 per cent of the shares sold by CVC and the remainder by RBS.