
UK - Phoenix to sell handbag maker Radley for £150m
Phoenix Equity Partners has put its up-market hangbag portfolio company Radley on the block. It is understood that the business it acquired in February 2006 for ТЃ45m could fetch up to ТЃ150m at auction. Exponent Private Equity, MidOcean Partners and Barclays Private Equity are understood to be amongst the bidders. PricewaterhouseCoopers is running the sale process.
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