Nordic, CVC Net $137M In Exit From Swedish Candymaker

Law360, New York (November 27, 2013, 1:16 PM EST) -- European private equity firms Nordic Capital and CVC Capital Partners Ltd. said Wednesday that they have finished winding down their holding in Swedish candymaker Cloetta, passing off their remaining 16.1 percent in a $137.9 million sale to unnamed institutional investors.

The investment houses priced their 46.4 million Cloetta B shares at $2.97 a pop in the private placement, representing a fairly pronounced discount to the company's Tuesday close at $3.11.

Without naming buyers, Nordic and CVC said their stake was distributed among several institutions in Sweden,...
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