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KKR Dark Aggregator sells 19.4m Darktrace shares in placing

Fri, 22nd Mar 2024 07:52

(Sharecast News) - Jefferies said on Friday that KKR Dark Aggregator sold 19.4m shares in cybersecurity firm Darktrace in a placing.

The shares were placed at 425p each, which is a discount of 7.8% to the closing share price on Thursday.

KKR Dark Aggregator is a technology growth fund advised by US private equity firm KKR.

Jefferies said the placing represents a full exit by the first technology growth fund (NGT I) advised by KKR and its affiliates that first invested in Darktrace in 2016.

The second technology growth fund (NGT II) advised by KKR did not participate in the placing and will continue to hold a stake of around 7.3%.

Jefferies and Berenberg acted as joint global co-ordinators and joint bookrunners on the placing.

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