UK - Blackstone eyes New Look

It is understood that New Look is likely to be acquired by Blackstone. Apax and Permira, New Look's current owners, are reported to be in talks with Blackstone about the deal. The news of a secondary buyout follows a pulled auction process earlier this year and the shelving of a refinancing plan due to turmoil in the credit markets. Blackstone's offer price is likely to be less than the ТЃ1.8bn that Apax and Permira were seeking three months ago.