Peacock agrees $731 mln management buyout

LONDON, Oct 31 (Reuters) – British budget clothing retailer Peacock Group Plc (PEA.L: Quote, Profile, Research) will announce on Monday it has agreed a management buyout which values the company at 410 million pounds ($731.1 million), the Financial Times reported.

U.S. hedge funds Och Ziff and Perry Capital will provide 70 million pounds each, the FT said, while Goldman Sachs Capital Partners will give a further 28 million pounds.

Read Complete Article

About the HedgeCo News Team

The Hedge Fund News Team stays on top of breaking news in the Hedge Fund industry on an hourly basis. Signup to HedgeCo.Net to recieve Daily or Weekly news updates from our team.
This entry was posted in Syndicated. Bookmark the permalink.

Comments are closed.