CVC and RBS exit Samsonite through final sell-down

Less than two years after they took the company public, CVC Capital Partners and Royal Bank of Scotland have sold their remaining stake in Samsonite International, the world’s largest luggage maker, raising HK$4.1 billion $528 million.

The sale was done through a club-style deal on Sunday and came after Samsonite’s share price jumped 13.7% on the back of a strong earnings report last week to reach a new record close on Friday. The deal was priced at a 3.5% discount to that close.

CVC and RBS have been expected to sell the rest of their holdings and a source said yesterday that Goldman Sachs had...