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Cinven, BC Partners Net $883M in Amadeus Exit

Buyout shops Cinven and BC Partners sold a combined 10% stake in Spanish travel and tourism IT services company Amadeus IT Holding, pulling in a total of 613 million euro ($883 million), Reuters reported. Amadeus returned to the public market in 2010, five years after its private equity buyout, Reuters said. Other shareholders include Air France and Deutsche Lufthansa.

(Reuters) – Two private equity firms have raised 613 million euros ($883 million) selling a combined 10 percent stake in Spanish travel and tourism IT services company Amadeus IT Holding (AMA.MC).

Cinven [CINV.UL] and BC Partners [BCPRT.UL] sold a total of 44.76 million shares at 13.70 euros, the sale’s managers — Goldman Sachs and Morgan Stanley — said on Friday.

The size of the deal was raised from an initial 6.7 percent.

Amadeus shares were down 0.8 percent at 13.73 euros at 0840 GMT.

The travel company’s shareholders include airlines Air France (AIRF.PA), IAG (ICAG.MC) and Deutsche Lufthansa (LHAG.DE).

Amadeus returned to the market with a 1.3 billion euro listing in 2010, five years after a private equity buyout. (Reporting by Tracy Rucinski; Editing by Dan Lalor) ($1 = 0.6943 euro)