Market Chatter: FTI Consulting Launches Sales Process for Pronovias

MT Newswires Live

02/20

FTI Consulting (FCN) has begun a process to sell Pronovias Group, the Spanish wedding dress maker owned by Bain Capital and MV Credit, Bloomberg reported Friday, citing documents.

FTI has been appointed to run a court-mandated sale of Pronovias' global assets and is inviting investors to submit non-binding offers in the coming days, Bloomberg reported, citing a copy of the sales document.

The sale is aimed at maximizing creditor recovery, with a target of completing a deal by the end of March, according to the document, Bloomberg reported.

FTI Consulting, Bain Capital and MV Credit did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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