Apax, Permira-backed New Look abandons plans for IPO

The retailer joins a list of companies that have recently abandoned their IPO plans due to the lack of investor appetite in the markets, such as Blackstone's Merlin and Travelport, who cancelled their offerings earlier this week.

Apax and Permira were hoping to list New Look in a £1.7bn deal in mid-March, expecting to raise £650m from the listing to pay down the company's subordinated debt.

New Look was taken private in 2004 in a £699m transaction by Apax and Permira.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Investments
• GPs
• UK / Ireland
• Consumer
• Apax Partners
• Permira