Reports suggest that Apax and Permira plan to continue to own clothes retailer New Look for some time. The private equity backers had planned to sell the company in mid-2007 but struggled to find appetite for the £1.8bn asking price. In late 2006, the press had reported that New Look would be floated in 2007. Apax and Permira will now concentrate on New Look's international growth with the business looking to build on its Middle East stores and expand into other European markets on top of France and Belgium, where it is already active.
Majority investment from THL Partners sees Verdane retain a minority stake in the Swedish company
GP to acquire majority stake via Fund VIII; German group’s founders to reinvest in the deal
German GP’s new vehicle will be slightly larger than its predecessor, which is set to complete deployment in two years
Italian GP has received EUR 230m in commitments to date for Fund V against a EUR 250m hard-cap