TA Associates has sold its stake in M and M Direct to fashion chain Bestseller for around £140m, ending the company’s 10-year private equity involvement and dropping plans for an IPO.
Fund has raised €1bn of its €1.1bn target and plans to hold a final close in Q1 2020
GP will take a minority stake, with the Reisenthel family as majority shareholders
Horizon expects to merge the two IT services providers to create a business with 300 developers
EQT deploys capital from its EQT VIII fund, which hit its €10.75bn hard-cap in 2018