Deals
Permira Picks Banks for €4 Billion Sale of Best Secret Retail Club
- Deutsche Bank, JPMorgan and Goldman Sachs picked for exit
- Best Secret operates as a members-only off-price retailer
Photographer: Suzanne Plunkett/Bloomberg News
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Permira has hired a trio of banks to assess options including a sale of German fashion retail club Best Secret, which could be valued at more than €4 billion ($4.3 billion) in any exit, according to people familiar with the matter.
The private equity firm has chosen Deutsche Bank AG, JPMorgan Chase & Co. and Goldman Sachs Group Inc., the people said, asking not to be identified discussing confidential information.