UK - Endless sells Peter Black for EUR 48m one year on

Just over twelve months on from its acquisition, Endless has sold Peter Black Limited International, a design, sourcing and supply chain management company, to Li & Fung Limited, a Hong Kong-listed trading house. The deal was valued at EUR 48m, excluding debt and costs. The deal also includes the sale of the logistics side of the business, Peter Black Logistics Limited, to Li & Fung. Endless generated a money multiple of 3x and an IRR of 215% from the sale. Endless backed the secondary management buyout of Peter Black in July 2006. Peter Black has revenues of approximately £240m.