Brait Private Equity-backed high street clothing and accessories retailer New Look has proposed a company voluntary arrangement (CVA) that would include the renegotiation of its debt and the closure of 60 of its stores.
In his new role, Livio Zanotelli will focus on identifying new investment opportunities across Italy
CVC Capital Partners has signed an agreement to sell portfolio company AR Packaging Group to listed company Graphic Packaging Holding Company for $1.45bn.
GP sells its 75% stake in the medical company, controlled via Atlante Private Equity Fund
Cinven's proposal amounts to 830 pence per share, representing a 37.6% premium to Sanne's shares price of 603 pence