It is reported that a consortium comprising Warburg Pincus, TPG and BC Partners have pulled out of a sale process to buy fashion retailer New Look. A £2bn price-tag was too much for the Warburg Pincus-led team who are understood to have offered £1.7bn, £100m below the £1.8bn reserve price. The Weymouth-based company is being sold by Apax and Permira. It is expected that the two owners, which together hold a 66% stake, will now refinance the business for a third time.
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater