EQT et al. bid for German retailer
The private equity groups EQT, Apax and a consortium of PAI partners and TPG have entered the second round of negotiations for German fashion retailer Takko.
The vendor, Advent International, said it has not ruled out an IPO, despite high levels of interest from financial bidders. Advent International acquired Takko in 2007 from Permira for €770m.
The company now has an estimated value of around €900m. Takko is based in Telgte and runs about 1,500 retail shops in Europe.
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