Fashion house SMCP's bondholders expect initial bids for their stake by mid-May - sources

Smcp SA

25/04/2023 10:37

By Kane Wu
       HONG KONG, April 25 (Reuters) - Bondholders in French
fashion group SMCP  SMCP.PA , the owner of labels such as Sandro
and Maje, are expecting first-round, non-binding bids for their
37% stake in the company by mid-May, said two people with
knowledge of the transaction.
    The bondholders, which include asset manager BlackRock and
private equity firm Carlyle  CG.O , appointed investment bank
Lazard Frères SAS to advise on the sale that kicked off in
March.
    Alastair Beveridge and Daniel Imison of AlixPartners UK LLP,
who act as an intermediary for the bondholders, did not
immediately respond to a request for comment.
    SMCP and two advisors did not immediately respond to a
request for comment.

    
    

 (Reporting by Kane Wu; Editing by Sharon Singleton)
 ((kane.wu@thomsonreuters.com; +85228436590; Reuters Messaging:
kane.wu.thomsonreuters.com@reuters.net))