1 April 2016 - Chinese textile manufacturer Shandong Ruyi Technology Group and US-based investment firm KKR, together with the founders and management team of French fashion group SMCP
Group have signed an exclusivity agreement for the acquisition of a controlling stake in SMCP
by Shandong Ruyi Group, the companies said.
LP (NYSE: KKR) and SMCP
Group reported that KKR signed a definitive agreement with SMCP
's current shareholders to acquire a majority stake in the company alongside its management team.
As IMO explains in the introduction to the SMCP
, such phrases were compiled with the aim of assisting in the greater safety and conduction of a ship, and also of standardizing the oral language used in communications at sea, in harbours and waterways and on board.
is a China-FDA-certified GMP-standards pharmaceutical drug manufacturer based in Shaanxi, PR China, which has a total list of 27 China-FDA-certified pharmaceutical drugs that are distributed to China-FDA-Licensed Hospitals and drug stores across Shaanxi province and across PR China.
is controlled by the Chinese group Shandong Ruyi; following the IPO, European TopSoho Srl, a company controlled by Shandong Ruyi, will retain approximately 55 percent of the share capital, with the free float representing approximately 38 percent (assuming full exercise of the overallotment option).
M2 EQUITYBITES-April 19, 2013-KKR partners up to buy SMCP
Group(C)2013 M2 COMMUNICATIONS http://www.
18 April 2013 - US private equity major KKR & Co LP (NYSE:KKR) said on Thursday it had agreed to take over French ready-to-wear luxury apparel retailer SMCP
Group together with the targeta[euro](tm)s management.
For its part SMCP
is confident that KKR's global presence and vast experience in the international retail sector will help its strategy for global expansion, with focus on the US and Asia, it said.
US private equity major KKR & Co LP (NYSE:KKR) said it had agreed to take over French ready-to-wear luxury apparel retailer SMCP
Group together with the target's management.
The private equity arm of LVMH bought a controlling stake in Groupe SMCP
, which, apart from the Sandro and Maje brands, includes also Claudie Pierlot, together with investment firm Florac SAS in 2010.
The first-round bids submitted on Tuesday reportedly value the three brands, which are owned by Groupe SMCP
, at more than EUR650m (USD885.
Following the sale, KKR is expected to retain a minority interest in SMCP