Spartoo: Highland CP sells its shares to management
(CercleFinance.com) - Spartoo announces the purchase of 2,867,401 shares from Highland Capital Partners by its management team, including co-founders Boris Saragaglia (CEO), Jérémie Touchard (Head Search Engine Management) and Paul Lorne (Head Supply Chain).
With a shareholding of around 15.7%, Highland Capital Partners proposed to the management of the online fashion retailer to sell it all its shares, in order to strengthen its position within Spartoo's shareholder base.
On March 5, Highland Capital Partners sold it full ownership of the 2,867,401 Spartoo shares it held. Following this acquisition, management holds 28.9% of the company's capital and 28.9% of its voting rights.
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