CCMP unloads more Francesca shares

Private equity firm CCMP Capital Advisors LLC is selling 8.4 million shares of Francesca's Holdings Corp. common stock in a secondary stock sale, the company said Friday, April 5. The shares represent a little over half of CCMP's 36% stake in the women's fashion retailer. With this secondary sale, the New York private equity firm will pare its interest to 16%. CCMP stands to collect about $254 million based on the company's April 5 opening price of $30.28 on the Nasdaq, before fees.
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