15th Nov 2019 13:06
(Alliance News) - Princess Private Equity Holdings Ltd said Friday its investment adviser Partners Group has agreed to sell its minority stake in non-food discount retailer Action.
The private equity will realise its investment in Action. Princess did not disclose the value of its investment, but did say the transaction gave Action an enterprise value of EUR10.25 billion.
The stake sold will be acquired by private equity firm Hellman & Friedman.
Shares in Princess Private Equity were up 0.9% at 10.39 pence on Friday in London.
By Dayo Laniyan; [email protected]
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