Ibersuizas-backed Festa goes into administration
Ibersuizas portfolio company Festa has gone into administration, marking the second private equity-backed fashion retailer to enter bankruptcy proceedings in a week.
The company is said to have experienced stiff competition from the multitude of new shops opened by Chinese owners in Spain's cities in recent years.
The news comes after it was announced late last week that AC Desarrollo-backed clothes chain Musgo had also filed for bankruptcy.
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 Susannah Birkwood on +44 20 7004 7524 or susannah.birkwood@incisivemedia.com
More on Southern Europe
PE purchases stall in Italy as buyers lose faith – PE Forum Italy
PE players are hoping that valuation expectations will align in 2H 2023, easing dealmaking backlog
Fondo Agroalimentare Italiano invests in Urbis Food
Deal marks the fund’s full deployment with more than EUR 50m invested across nine transactions
Intesa Sanpaolo investment banking head exits for BNP Paribas
Marco Lattuada previously oversaw activities including M&A and debt capital markets at the Italian firm
William Blair launches Madrid office, adds investment banking practice in Zurich
Álvaro Hernández to lead new Spanish branch; healthcare will be first focus of Swiss expansion
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Czech Republic-headquartered family office is targeting DACH and CEE region deals
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Ex-Rocket Internet leader Bettina Curtze joins Swiss VC firm as partner and CFO
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Estonia-registered VC could bolster LP base with fresh capital from funds-of-funds or pension funds