Baring Asia exits Cath Kidston to UK turnaround investor
Baring Private Equity Asia (BPEA) has exited Cath Kidston, a UK lifestyle retailer that underwent a restructuring during the initial phase of COVID-19, to turnaround investor Hilco Capital.
BPEA acquired a substantial position in Cath Kidston from TA Associates and company management in 2014 – at a valuation of around GBP 250m (USD 426m) – with a view to expanding the business in Asia....
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