Tory Burch LLC is preparing to fund a partial management buyout of private investment firm General Atlantic’s long-held stake in the business through a leveraged financing package expected to total around $700m, according to a report by Bloomberg.
The New York-based luxury fashion group plans to allocate approximately $346m of the proceeds toward buying out the private equity firm’s interest, according to a person familiar with the matter. The size of General Atlantic’s remaining holding has not...
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