AlpInvest Partners, CVC Capital Partners and GIC Sell a 7.6 Percent Stake in HKBN (Asia)

Source: HKBN

Global fund of funds manager AlpInvest Partners, private equity and investment advisory firm CVC Capital Partners and the Government of Singapore’s sovereign wealth fund GIC have sold a 7.6 percent stake in Hong Kong-based broadband Internet provider HKBN in a share sale on the Hong Kong Stock Exchange. The sale comes after the expiry of a six-month lock-up period following HKBN’s listing on the Hong Kong Stock Exchange on 12 March 2015. Financial details of the transaction were not disclosed.