Cortefiel readies bond as PE funds buy out Permira

fashion
By Victor Jimenez
24 Jul 2017

Permira is selling its 33% stake in Cortefiel, the Spanish retailer, to the group's other two owners, CVC and PAI Partners. The deal includes a debt restructuring and ends rumours of an IPO.

As Cortefiel’s term loans approach their maturity in October, market talk in Madrid has surrounded whether Cortefiel would return to the public equity market.

Permira, CVC and PAI Partners took it private in 2006. The borrower signed €1bn of term loans and a €200m revolver in 2012, ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.