CBR delays IPO
Germany-based womenswear producer CBR, an EQT Partners portfolio company, has delayed its IPO, with no alternative date set for the time being.
The listing was initially planned for 2 July. According to Reuters, the IPO could have been worth in the region of €1.2bn.
CBR's management and its owner EQT made the decision in the wake of continued instability on the financial markets caused by the Greek debt crisis.
EQT wholly acquired the fashion group in a 2007 buyout. The GP sourced the investment opportunity from Apax and Cinven, and completed the deal through its EQT V fund. At the time of publication, CBR products are sold from 8,500 points of sale in 19 countries.
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