Dick Smith Holdings Limited (ASX:DSH) has confirmed private equity firm Anchorage Capital Partners has offloaded 47.3 million shares in the company.
The electronics retailer has confirmed the sale one day after reports emerged Anchorage was looking to sell its entire remaining 20 per cent interest.
Reports speculate the sale was arranged by Macquarie Capital offering $2.22 per share, compared to Dick Smith’s closing price of $2.29 yesterday.
Anchorage Capital bought Dick Smith in 2012 after which it listed the company on the Australian Securities Exchange (ASX) at the end of 2013.
Dick Smith Holdings reported a net profit of $19.8 million in the full 2014 financial year.
