×
76 023
Fashion Jobs
MONCLER
Purchasing Staff
Permanent ·
MONCLER
Project Coordinator / Brand Experiences
Permanent ·
MONCLER
Technical Maintenance Project Manager
Permanent ·
MONCLER
Senior Public Relations Manager
Permanent ·
ROSS
Store Protection Specialist
Permanent · Orlando
JCPENNEY
Asset Protection Associate - Sunrise Mall
Permanent · Citrus Heights
JCPENNEY
Asset Protection Associate - Lansing Mall
Permanent · Lansing
JCPENNEY
Asset Protection Associate - South Park Mall
Permanent · San Antonio
JCPENNEY
Sales Floor Supervisor - Crossroads Ctr
Permanent · St. Cloud
JCPENNEY
Asset Protection Associate - Chula Vista s/c
Permanent · Chula Vista
JCPENNEY
Asset Protection Associate - Augusta Mall
Permanent · Augusta
JCPENNEY
Asset Protection Associate - Aventura Mall
Permanent · Aventura
JCPENNEY
Asset Protection Associate - Aurora Mall
Permanent · Aurora
JCPENNEY
Sales Floor Supervisor - Eastgate Mall
Permanent · Cincinnati
JCPENNEY
Asset Protection Associate - Mall Saint Matthews
Permanent · Louisville
JCPENNEY
Asset Protection Associate - West Ridge Mall
Permanent · Topeka
JCPENNEY
Asset Protection Associate - Clackamas Town Ctr
Permanent · Happy Valley
JCPENNEY
Sales Floor Supervisor - Tyrone sq
Permanent · St. Petersburg
JCPENNEY
Asset Protection Associate - Towne West Square
Permanent · Wichita
JCPENNEY
Asset Protection Associate - Pembroke Lakes Mall
Permanent · Pembroke Pines
JCPENNEY
Asset Protection Associate - Washington sq
Permanent · Portland
JCPENNEY
Sales Floor Supervisor - Woodland Shopg Cntr
Permanent · Grand Rapids
By
Reuters
Published
Oct 29, 2009
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Hedge fund Och-Ziff buyer of TPG's Debenhams stake

By
Reuters
Published
Oct 29, 2009

LONDON, Oct 29 (Reuters) - Hedge fund Och-Ziff (OZM.N) has emerged as the buyer of TPG's [TPG.UL] stake in British department store chain Debenhams PLC (DEB.L) after the U.S. buyout firm made its exit from the business earlier this week.


J by Jasper Conran at Debenhams - Photo: www.debenhams.com

Och-Ziff, one of the world's largest hedge fund managers, said in a regulatory filing on Thursday 29 October it now owns 11.52 percent of Debenhams. The fund is also a shareholder in Peacocks, the British privately owned budget retail chain.

TPG sold its entire stake of more than 120 million shares -- about 9 percent of Debenhams stock -- earlier this week to a single unnamed hedge fund, a source said, netting the firm almost 100 million pounds ($164.4 million) and marking its exit from the business it refloated in 2006.

Prior to the transaction, Och-Ziff held some 18 million shares indirectly in Debenhams, according to the filing.

Och-Ziff declined to comment.

($1=.6081 Pound) (Reporting by Simon Meads; editing by Simon Jessop) ([email protected]; +44 20 7542 9969; Reuters Messaging: [email protected]))

© Thomson Reuters 2023 All rights reserved.