Jefferies International Ltd on Thursday said an investor plans to sell shares in Darktrace PLC worth around £80 million.
Shares in Darktrace, the Cambridge, England-headquartered cybersecurity company, closed up 1.3% at 461.00 pence each in London on Thursday. It has a market value of £3.21 billion.
Jefferies, a US investment bank, said KKR Dark Aggregator LP intends to place shares representing around 2.5% of the share capital of Darktrace.
At Thursday’s closing price, this would value the sale at around £80.3 million.
The sale will be conducted via a secondary placing to institutional investors at a price to be determined through an accelerated bookbuild process.
The bookbuild process will commence with immediate effect.
Darktrace is not a party to the placing and will not receive any proceeds.
KKR Dark Aggregator LP, the US investment firm, 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.
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