CVC AP exiting Minit: Advent in frame
CVC Asia Pacific is reportedly seeking to sell off its Japan-headquartered pan-Asian shoe repair and key-cutting investee Minit Asia Pacific, with Advent International and local firm Wise Partners apparently among the bidders, in an auction likely to fetch around $166 million.
CVC AP attempted a previous exit from the asset in 2008, but this proved abortive due to weak market conditions. The firm originally acquired the rights to all non-European assets of Minit in February...
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