Cinven frontrunner to buy Kurt Geiger

Endaba Group

European investment firm Cinven, which has previously invested in Fitness First and Pizza Express,  is the frontrunner to buy footwear retailer Kurt Geiger in a deal worth £250m, ahead of rival bidders including Lion Capital, former Jimmy Choo owner. It is believed the deal is not yet close to being signed. Kurt Geiger’s management team, led by Chief Executive Neil Clifford and backers at US private equity firm Sycamore Partners hired Goldman Sachs earlier to explore a sale of part of all of the business.