KKR Dark Aggregator to sell 2.5% stake in Darktrace in placing

Jefferies said on Thursday that KKR Dark Aggregator plans to sell a stake of around 2.5% in cybersecurity firm Darktrace in a placing to institutional investors.

The price per share will be determined through an accelerated bookbuild process.

"A further announcement will be made following the completion of the bookbuild and pricing of the placing," Jefferies said.

Darktrace is not a party to the placing and will not receive any proceeds.

Jefferies and Berenberg are acting as joint global co-ordinators and joint bookrunners on the placing.