Wednesday, February 24, 2016

Patchi mulling equity sale deal to strategic partner. Valuation of company, still underway, is estimated at $500 million


Patchi, a family-owned manufacturer of chocolate and retailer of chocolate gifts, is preparing for a potential sale of part of its equity with Goldman Sachs and its owners with Dubai boutique advisory firm deNovo Corporate Advisors.

The value of the company, as estimated by Reuters, is at more than $500 million. The company is looking to sell one third to half of its equity, according to Reuters.

Oussama Choucair, Member of the Board at Patchi, said: "We do not aim to sell shares...

Article details

No comments:

Post a Comment