Yesterday LNK Partners, a White Plains, NY-based P.E. firm, announced they had closed a second $400 million fund (oversubscribed, natch), specifically aimed at investing in “the consumer/retail sector.” Yes, yet more proof that all of us who thought when Permira sold Valentino to the Qatari royal family, it marked the end of PE’s brief flirtation with the unpredictable world of fashion were wrong. There’s life in that there investment relationship yet. Read more
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