Cinven clinches German fashion retailer

Cinven, the European private equity firm, has bought CBR Holding, the German fashion retailer, for an undisclosed sum. It is Cinven's second deal in the past fortnight following a 14-month drought.

Analysts said that CBR, which has annual sales of €500m ($614m), could be worth as much as €1bn when it was first put up for auction in August.

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