Consortium looking to sell Maxeda departments
According to reports, KKR, Cinven, AlpInvest and Permira are set to sell the V&D department stores and La Place restaurant chain that are part of the Maxeda retail group.
The sale is likely to take place in stages as potential buyers for V&D and La Place are not interested in other retail outlets. Private equity houses are said to be making up the bulk of the reportedly up to 10 interested buyers.
KKR, Cinven, AlpInvest and Permira acquired Maxeda in 2004. The fashion business recorded a turnover of €1.7bn in 2009.
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