Doughty Hanson Sells $191M Stake In HellermannTyton

Law360, New York (September 26, 2013, 2:46 PM EDT) -- British private equity firm Doughty Hanson & Co. announced Wednesday that it has sold a 21 percent stake in cable product manufacturer HellermannTyton Group PLC for about £119 million ($191 million), four days before its lock-up was set to expire.

Doughty Hanson sold the shares at a price of 265 pence per ordinary share. The private equity firm now holds 46.6 million ordinary shares of the cable product manufacturer, representing a 21.6 percent stake of the issued ordinary share capital. Doughty Hanson first bought HellermannTyton in...
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