Matas DKK 1.2 billion Share Sale, Denmark
2014
STJ Advisors acted as independent advisor to CVC Capital Partners on the DKK 1.2 billion (€159 million) sale of its shares in Matas A/S, the largest Danish retailer. STJ advised on all three steps of CVC’s successful exit out of its investment in Matas, in the space of just over 6 months. This included the Initial Public Offering of 60% of the company in June 2013 at DKK 115 per share; the sale of an 11% stake to strategic investor Kirbi A/S in September 2013 at DKK 130 per share; and this placing at DKK 150 per share.
