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Advent International Sells GBP61.2 Million Stake In Equiniti (ALLISS)

Tue, 02nd Aug 2016 07:25

LONDON (Alliance News) - Barclays Bank PLC on Tuesday said private equity company Advent International Corp sold a 12% stake in technology services provider Equiniti Group PLC for a total of GBP61.2 million.

Advent sold 36.0 million shares in the outsourcer at 170 pence per share. Advent will continue to hold a 7.9% stake in Equiniti.

The placing, which was announced on Monday, was conducted through an accelerated bookbuild run by Barclays.

Shares in Equiniti were trading down 5.2% at 173.50 pence on Tuesday morning.

By Karolina Kaminska; karolinakaminska@alliancenews.com @KarolinaAllNews

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Advent International Sells GBP61.2 Million Stake In Equiniti (ALLISS)

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