Bain Capital and GIC divested a combined 9.8% stake in Judo Capital Holdings (ASX:JDO) in a block trade after market close on Wednesday, according to multiple media reports on Thursday.
The US private equity firm and the Singaporean sovereign wealth fund had owned about 16% of the lender before the block trade. The stake was worth up to AU$191 million, the reports said.
In a trade worked on by Goldman Sachs, 110 million shares were divested in an auction with a floor price of AU$1.78 per share, up to AU$1.80.
Bain and GIC last divested stakes in Judo in December 2024.
Judo's shares fell 8% in recent trading on Thursday.