Apollo offloads Watches of Switzerland shares

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By Aidan Gregory
12 Jan 2021

Apollo Global Management has continued to selldown its stake in Watches of Switzerland, the UK luxury watch retailer, following a strong rally in the stock since its IPO on the London Stock Exchange in May 2019.

The latest placing was launched after the market close on Monday evening, with an initial deal size of around £220m.

Barclays and HSBC were bookrunners.  

Due to strong demand, the size of the transaction was increased to 42m shares, a 17.5% stake, valued at ...

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