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Compass Diversified Holdings Message Board

  • lneedlesb lneedlesb Apr 24, 2010 12:38 AM Flag

    Compass was 1.3m shr seller

    It appears that Compass itself was the shareholder selling with the offering. Please correct me if I'm wrong. (found this info in the insider transactions).

    Beneficial Owner (10% or more) 1,300,000 Indirect Sale at $14.38 per share. $18,694,000

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    • The Shares are owned directly by CGI Magyar Holdings, LLC, which is owned by The Compass Group International, LLC, CGI Diversified Hungary Kft. and CGI Diversified Holdings, LP. The Compass Group International, LLC is owned by Compass Group Investments, Ltd. CGI Diversified Hungary Kft. is owned by CGI Diversified Holdings, LP. CGI Diversified Holdings, LP is owned by Compass Group Investments, Ltd., its sole limited partner, and Navco Management, Ltd., its general partner. Compass Group Investments, Ltd. and Navco Management, Ltd. are wholly owned by Kattegat Limited, a Bermudian exempt company with its principal offices at Belvedere Building, 69 Pitts Bay Road, Pembroke HM 08, Bermuda. Kattegat Limited was formed for the purpose of holding and managing the endowed assets of The Kattegat Trust and is wholly owned by The Kattegat Trust.

      End quote.

      Some shares were "new" shares and raised money for CODI (a true secondary). Some shares (if I understand correctly) were sold by Navco, one of the original VC funds in CODI that decided to take some of their VC capital out.

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