DSK 2.94% $1.16 dusk group limited

Catalyst unloads Dusk stake at 6pc discount [IMG] BRIDGET CARTER...

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    Catalyst unloads Dusk stake at 6pc discount


    BRIDGET CARTER

    Catalyst Investment Managers has offloaded a 7.2 per cent interest in candles retailer Dusk Group after it embarked on an initial public offering last year.
    The private equity firm sold shares at $3.60 each.
    Barrenjoey Capital Partners advised on the transaction that unfolded late Friday.
    The trade was valued at $16 million, with shares sold at a 6 per cent discount to the last close.
    Catalyst had a 23 per cent stake after listing the business and the remaining shares are subject to an escrow arrangement.
    Dusk floated at $2 a share and the stock was sold down after shares hit a record of $3.90 last week.
 
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