Darktrace shares down after investor sells entire position

(Alliance News) - Jefferies International Ltd on Friday confirmed that US investment firm KKR ...

Alliance News 22 March, 2024 | 10:01AM
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(Alliance News) - Jefferies International Ltd on Friday confirmed that US investment firm KKR Dark Aggregator LP sold its stake in Darktrace PLC.

Shares in the Cambridge, England-based cybersecurity company fell 8.4% to 422.62 pence in London on Friday morning.

Following an initial announcement on Thursday, KKR sold 19.4 million shares at 425.00 pence each via a secondary placing to institutional investors.

The sale represents a full exit by the fund advised by Kohlberg Kravis Roberts & Co LP, however a second fund a will continue to hold 7.3% in the company.

Darktrace is not a party to the placing and will not receive any proceeds.

KKR Dark Aggregator has agreed to a lock-up period of 60 days for the remaining shares in Darktrace held by funds advised by Kohlberg Kravis Roberts & Co LP and its affiliates. It first invested in Darktrace in 2016.

By Elijah Dale, Alliance News reporter

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Darktrace PLC

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