Fashion
American private equity business TPG Capital Management is heading an investment collective to acquire 30 per cent of Hong Kong jeweller APM Monaco.
While financial details have not been revealed, a person with knowledge of the transaction suggested that the firm’s valuation stands at about US$800 million.
TPG’s investment will be channelled through a private equity fund it has previously established to focus on Asian investments, which controlled more than $4.6 billion in committed capital as of last February.
APM Monaco operates around 200 outlets in 26 countries, the majority located in Europe.
