No recommendation
No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.
(Sharecast News) - Jefferies said on Friday that KKR Dark Aggregator sold 19.4m shares in cybersecurity firm Darktrace in a placing.
The shares were placed at 425p each, which is a discount of 7.8% to the closing share price on Thursday.
KKR Dark Aggregator is a technology growth fund advised by US private equity firm KKR.
Jefferies said the placing represents a full exit by the first technology growth fund (NGT I) advised by KKR and its affiliates that first invested in Darktrace in 2016.
The second technology growth fund (NGT II) advised by KKR did not participate in the placing and will continue to hold a stake of around 7.3%.
Jefferies and Berenberg acted as joint global co-ordinators and joint bookrunners on the placing.
The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.