CVC Capital Partners and Royal Bank of Scotland has sold its US$528 million shareholdings in Samsonite International, the Hong Kong Index listed luggage maker. The sale was confirmed through a term sheet obtained by Reuters.

The total lot sold was 212.4 million shares sold at HK$19.28 per share. The deal was set at HK$4.1 billion with 65% of the shares owned by CVC and the remaining 35% from RBS.

Samsonite was listed in Hong Kong back in 2011 through a US$1.25 billion IPO where CVC and RBS joining forces to raise US$821 million for the initial public offering. This sale meant that CVC and RBS had completed their exit from holdings in the company. The underwriter for the sale is Goldman Sachs.

Samsonite is a Luxemborg based luggage maker and has been an icon in terms of travel and luxury for Europe. It had opted to expand into Asia with its listing in the Hong Kong bourse.