30th May 2018 10:18
LONDON (Alliance News) - Two investors have successfully sold approximately 18% combined of their entire shareholding of Sabre Insurance Group PLC, a day after plans for the sale was announced.
The shares were sold by private equity funds advised by BC Partners LLP and Angus Ball, with the latter on an agency basis through Banque Pictet & CIE SA.
The two parties sold 45.5 million Sabre Insurance shares at GBP2.48 each for GBP112.8 million gross. Following this, BC Partners holds a 15% stake and Angus Ball 4.3%.
Barclays Bank PLC acted as sole global coordinator and bookrunner.
Sabre Insurance shares were 3.9% lower Wednesday at a price of 250.00p apiece.
Related Shares:
BarclaysSabre Insur