Permira exits Galaxy through $875 million block trade

The sale comes five years after Permira made its investment in the Macau casino operator and three weeks before its latest lockup was due to expire.

Private equity firm Permira has sold its remaining stake in Galaxy Entertainment Group, raising HK$6.78 billion ($875 million) and removing any further potential overhang on the stock caused by its divestment plan. The price was fixed at the bottom of the range for a 5% discount.

¬ Haymarket Media Limited. All rights reserved.

Sign In to Your Account To Access Exclusive FinanceAsia Content!

Please sign in to your subscription to unlock full access to our premium FA resources.

Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial - no registration fees required. Click the link to get started.

Note: This free trial is a one-time offer.

Questions?
If you have any enquiries or would like a quote for a team or company licence, please contact us at [email protected]. Our subscription team will be happy to assist you.

Share our publication on social media
Share our publication on social media