Some of the major private equity firms have committed $110 million to the pre-IPO financing of China Outfitters Holdings, Reuters reports. The firms are Kohlberg Kravis Roberts & Co., Sequoia Capital China and Everbright Private Equity. The pre-IPO financings were last provided by hedge funds before the Lehman Brothers shock in 2008.
The menswear-focused apparel design, manufacturing, marketing and sales company is selling about 690 million shares in the IPO, slated for December 2. The IPO was postponed in June because of unstable markets. BOC International, Daiwa Capital, ICBC International, Royal Bank of Scotland and UBS will be book runners for the IPO.
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