CVC Capital Unloads $216M Stake In Beauty Retailer

Law360, New York (January 10, 2014, 3:30 PM EST) -- CVC Capital Partners sold, through its Swedish affiliates, 19.4 percent of Danish beauty company Matas A/S to undisclosed institutional investors for 1.18 billion Danish crowns ($216 million), the companies said Friday.

The price covers 7.9 million shares, leaving CVC with less than 50 percent of the Danish company. Matas won't get any of the sale proceeds from the deal, which will close immediately, and CVC-owned Svenska M Holding 1 AB will no longer own Matas shares.

Before the deal, CVC had owned 66 percent of Matas, which was bought...
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