Investcorp, Permira Near Deal On A101

Alternative investment products provider and managerInvestcorpand European private equity firmPermiraare in the final stages of acquiring Turkish discount retailerA101,The Wall Street Journalreports. A101 has been valued at between €312.5 million and €390.6 million. The sale is being managed byCredit Suisse Group.

A101 is majority-owned by the Aydin family, with Turkish Islamic lenderBank Asyaholding a 21.84 percent stake. Founded in 2008, A101 has 1,075 stores and is aiming to raise the number to 2,000 by 2015.

Click here for the story fromThe Wall Street Journal.