SPAIN – 3i to re-invest in Pepe Jeans
3i is thought to be preparing the acquisition of a 30% stake in textile manufacturer Pepe Jeans, in a deal which could be worth up to EUR 150m mark.
The investment would allow the company to pursue its growth in the Asian market. Pepe Jeans, today valued at around EUR 500m, acquired the high-end brand Hackett in 2006.
3i exited from the company in 2005.
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