Next Capital has offloaded half of the stake it owns in Scottish Pacific through investment bank Citi.
The private equity firm that floated the finance company offloaded an 8.3 per cent interest in the business for $37 million.
Shares were sold at $3.22 each, a 2.4 per cent discount to the last closing price.
It comes after investment banks had been pitching to sell Next Capital’s stake in the recently listed financier Scottish Pacific earlier this month.
Private equity firm Next floated the financier in 2016, selling shares at $3.20 each.
Next had a stake of about 16 per cent remaining in the $440m company.
Scottish Pacific chairman Patrick Elliott also has a share in the company but only has a certain window to sell down his interest.
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