TPG mulls stake sale or IPO for APM Monaco


The US investment firm is aiming to fetch a valuation of at least US$2bil for the company in a deal. — Bloomberg

NEW YORK: Private equity firm TPG Inc is considering options for APM Monaco, including a possible stake sale or an initial public offering (IPO) of the jeweller, according to sources.

TPG is working with an adviser and may start a dual-track process early next year, the sources said.

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