Towerbrook circles Phase Eight

Several other private equity firms, including LDC and Inflexion, are also reportedly interested in the company.

Phase Eight was previously acquired by failed Icelandic bank Kaupthing and a consortium of private investors for £51.5m in 2007. Following Kaupthing's demise, management now holds a 40% stake in the business, with the remainder held by outside investors including Alexander Abramov's vehicle Kew Capital.

Founded in 1979, Phase Eight is a London-based womenswear retail chain. It generated a £11m EBITDA last year.

The unquote" team is currently researching this transaction. In-depth deal information for subscribers will follow shortly.

If you have any information regarding this transaction, please contact Grégoire Gille on +44 20 7484 9824 or gregoire.gille@incisivemedia.com

 

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