Global private equity and venture capital news and research

3i hires Goldman Sachs for Agent Provocateur exit

8 Aug 2014

in-blue-2-321529-mPrivate equity firm 3i Group has appointed Goldman Sachs to oversee the potential sale of lingerie seller Agent Provocateur, a source close to the deal has confirmed to AltAssets.

Goldman will be responsible for allowing potential buyers to conduct due diligence in the deal reportedly worth around £200m including debt.

London-based 3i originally bought Agent Provocateur for £60m in 2007. The lingerie retailer currently operates 91 stores in 29 countries in Asia, Europe and the Middle East.

Last year the business’ revenues rose by 37 per cent, with profits up by more than 50 per cent to £6.2m in the 12 months to March 2013.

3i declined to comment.

Earlier this month 3i sold its 22.4 per cent stake in Hong Kong jewellery maker John Hardy after private equity firm Catterton Partners bought the company.

Copyright © 2014 AltAssets

Legals & Terms of UsePrivacy Policy

AltAssets is registered as a trademark of Investor Networks Limited (06695690).
Registered Office: WeWork 4001, 1 Fore Street, London, EC2Y 5EJ
Content is © AltAssets 2000-2016