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China Outfitters Gets $110M Pre-IPO Finance
Some of the major private equity firms have committed $110 million to the pre-IPO financing of China Outfitters Holdings.
Some of the major private equity firms have committed $110 million to the pre-IPO financing ofChina Outfitters Holdings,Reutersreports. The firms areKohlberg Kravis Roberts & Co.,Sequoia Capital ChinaandEverbright Private Equity. The pre-IPO financings were last provided by hedge funds before theLehman Brothersshock in 2008.
The menswear-focused apparel design, manufacturing, marketing and sales company is selling about 690 million shares in the IPO, slated for December 2. The IPO was postponed in June because of unstable markets.BOC International,Daiwa Capital,ICBC International,Royal Bank of ScotlandandUBSwill be book runners for the IPO.
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