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Advent funds sell 25.7m DFS shares

04 November 2016 07:43

Funds managed by Advent International Corporation have sold 25.7 million ordinary shares in DFS Furniture held through Advent Diamond (Luxembourg), at £2.40 apiece, raising gross proceeds of £61.7m.

The sale was conducted by means of an accelerated bookbuild secondary placing to institutional investors. The shares sold represent in aggregate approximately 12.1% of the issued share capital of the company.

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