UBS Capital, the private equity arm of the Swiss banking giant, is to sell Mister Minit, the world's largest shoe repair and key cutting chain, to CVC Capital Partners. It comes as part of UBS's bid to sell its entire private equity portfolio.

Sources close to the transaction said that CVC's offer values the company at €200m ($250m).

Andrew Dewson

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CVC snaps up Mister Minit

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