Hunkemoller Bid For Final Auction

According to reports, Carlyle, CVC and Apax all hope to participate in the final bidding at the end of this month.

The current market value of the fast fashion retail companies, such as H&M, Inditex, Next, Marks&Spencer and Esprit, is about 11 times the expected core earnings.

According to people familiar with the matter, PAI, a private equity fund owner of Hunkemoller, hopes to sell at a similar price.

From Spain to Saudi Arabia, Hunkemoller has more than 600 stores in 16 countries around the world, and its spokesperson is Holland model and TV celebrity SylvieMeis.

It is reported that

The profit before interest tax depreciation and amortization (EBITDA) is 50 million euros, and the takeover paction can get about 3~3.5 billion debt financing support.

Carlyle Group, Apax and PAI declined to comment, and Reuters has not yet contacted CVC.

In 1886, Hunkemoller appeared as a corset shop in Amsterdam, and is now the largest street in the Benelux area.

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In 2011, PAI bought the Hunkemoller.2014 company's report for 265 million euros. CEOPhilipMountford showed that the chain brand value was 400 million euros.

Earlier this year, PAI sold the retail companies, which was organized by JPMorgan.

This brand is in

Germany, Austria and Sweden are expanding rapidly and are planning to enter the Asian market.

After PAI injection in 2011, the company's sales increased by an average of 10% per year.

Although the headquarters of branded products such as "Diva" and "Candy" are all located in Holland, half of its total sales come from Germany. By the year February 2014, Hunkemoller has become the largest underwear store in Germany with 185 stores.