Cinven, BC Partners Sell 9.16% of Amadeus

Buyout shops Cinven and BC Partners sold a combined 9.16% stake in Spanish travel and tourism IT services company Amadeus IT Holding, Reuters reported. Goldman Sachs and Morgan Stanley, which handled the private placement, said in a statement that they had placed 41 million shares for 570 million euro ($816.9 million). Amadeus returned to the public market in 2010, five years after its private equity buyout. Other shareholders include Air France and Deutsche Lufthansa. After the sale, Cinven and BC Partners each retain a 3.42 percent stake in Amadeus, Reuters wrote.

(Reuters) – Two private equity funds sold a combined 9.16 percent stake in Spain-based travel and tourism firm Amadeus at 13.9 euros per share on Wednesday, the banks that handled the private placement said.

Goldman Sachs and Morgan Stanley said in a statement that they had placed 41 million shares for 570 million euros.

The sale included 20.5 million shares belonging to an entity controlled by Cinven Limited and an equal amount of shares belonging to an entity controlled by BC Partners Ltd.

After the sale, Cinven and BC Partners each retain a 3.42 percent stake in Amadeus, the banks who managed the sale said.

The two private equity funds had raised 613 million euros when they sold a combined 10 percent stake in Amadeus in April.

Amadeus shares were down almost 1 percent in late morning trade at 14 euros per share.

(Additional reporting by Andres Gonzalez; Writing by Fiona Ortiz; Editing by Nigel Davies and Jane Merriman)