Private equity firm Lion Capital reportedly eyeing Kurt Geiger

Tuesday, 29 September 2015

British private equity firm Lion Capital, formerly the owner of Jimmy Choo, is reportedly considering a takeover of luxury shoe retailer Kurt Geiger.

According to people familiar with the matter quoted by Sky New, Lion Capital, who along with a number of bidders presented initial offers on Monday, is believed to have received financial information about Kurt Geiger and may value the brand at about 250 million pounds.

It is noteworthy that earlier this year, Kurt Geiger hired Goldman Sachs to explore a sale of part or all of the business. A potential initial public offering (IPO) was also on the table.

Back in 2011 Jones Group acquired Kurt Geiger for 350 million dollars, including debt. Later on, activist hedge fund manager Barington Capital pushed Jones Group to sell itself to private equity firm Sycamore Partners for 2.2 billion dollars.

Since then, Sycamore has been the owner of Kurt Geiger.