CVC sells Matas stake for $216m

Majority shareholder Svenska M Holding 1, owned by CVC, sold 7,918,186 shares at DKK 150 per share in an accelerated bookbuild offering to institutional investors.

The price represented a 30% increase on Matas's listing share price of DKK 115. Matas will not receive any proceeds from the transaction.

Carnegie Investment Bank, Morgan Stanley and Nordea acted as joint bookrunners in the transaction. Books are expected to close on 10 January 2014. Other shareholders Materialisternes Invest, Clea Capital and Mainvest didn't sell any shares in connection with this transaction.

CVC listed Matas on the Copenhagen Stock Exchange in June. Main shareholders CVC and Materialisternes Invest acquired Matas in 2007.

Company
Based in Allerød, Matas is a Danish health and beauty retailer with a network of 293 stores, including 258 owned and operated by the company itself.

People
Terje List is the CEO of Matas.

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