TPG-led Group to buy stake in APM Monaco
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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.
Questions & Answers
Q.Which company is leading the group acquiring a stake in APM Monaco?
Which company is leading the group acquiring a stake in APM Monaco?
American private equity business TPG Capital Management is heading the investment collective buying a stake in APM Monaco.
Q.What percentage of APM Monaco is being acquired?
What percentage of APM Monaco is being acquired?
The investment collective is set to acquire 30 per cent of Hong Kong jeweller APM Monaco.
Q.Roughly how many outlets does APM Monaco operate globally?
Roughly how many outlets does APM Monaco operate globally?
APM Monaco operates around 200 outlets in 26 countries, with most of these located in Europe.
Q.Through which entity will TPG's investment be made?
Through which entity will TPG's investment be made?
TPG's investment will be channelled through a private equity fund it previously established to focus on Asian investments.
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