Announced
CIC acquired c. 10% stake in Matchesfashion from Apax for £75m.
Financials
Transaction Value£75m
Consideration TypeLoan Notes, Ordinary Shares, Preference Shares
Capital Owned-
Capital Bid For10%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-
Sources
Tags
Minority
United Kingdom
Acquisition
Private Equity
Apparel Retailers
luxury shopping
Friendly
Private
Single Bidder
Synopsis
China Investment Corporation took c. 10% stake in Matchesfashion.com, an online luxury fashion retailer, owned by a consortium of Apax, GIC, and Future Fund, via direct acquisition of ordinary and preference shares and loan notes from Apax.
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