UK - Friends, Ivory & Sime's private equity unit ISIS Capital has sold its 20% stake in bonmarche, the womenswear retailer, for about £18m.
ISIS paid £7.3m for 20% of bonmarche last year and will receive £12.8m in cash plus £4.6m in shares. Its share was sold to retail company the Peacock Group.
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here