UK's Darktrace bottoms FTSE midcaps on exit of KKR-advised fund
22/03/2024 09:39
** Shares of British cybersecurity co Darktrace DARK.L
fall as much as 12% to 405p; top loser on FTSE 250 .FTMC index
** A technology growth fund advised by U.S. private equity
firm KKR KKR.N fully exits its investment in co
** KKR Dark Aggregator sells about 19.40 mln shares, worth a
2.5% stake in Darktrace, via a secondary placement at 425p each,
about 8% discount to DARK's Thursday close
** A second technology growth fund advised by KKR, NGT II,
did not participate in placing and continues to hold 7.3% stake
in Darktrace
** Currently, stock down 8.8% as of 0925 GMT, trimming YTD
gains to ~15%
(Reporting by Aby Jose Koilparambil in Bengaluru)
((abyjose.koilparambil@thomsonreuters.com))