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(Alliance News) - Jefferies International Ltd on Friday confirmed that US investment firm KKR Dark Aggregator LP sold its stake in Darktrace PLC.
Shares in the Cambridge, England-based cybersecurity company fell 8.4% to 422.62 pence in London on Friday morning.
Following an initial announcement on Thursday, KKR sold 19.4 million shares at 425.00 pence each via a secondary placing to institutional investors.
The sale represents a full exit by the fund advised by Kohlberg Kravis Roberts & Co LP, however a second fund a will continue to hold 7.3% in the company.
Darktrace is not a party to the placing and will not receive any proceeds.
KKR Dark Aggregator has agreed to a lock-up period of 60 days for the remaining shares in Darktrace held by funds advised by Kohlberg Kravis Roberts & Co LP and its affiliates. It first invested in Darktrace in 2016.
By Elijah Dale, Alliance News reporter
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