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 Middle East investors of M1 Group close to buying London's Pepe Jeans

m1 group pepeM1 Group, a Middle Eastern investment firm based in Lebanon, is emerging as the lead buyer of London's Pepe Jeans fashion firm - Reuters is reporting.

The expected deal amount is not yet disclosed, but the seller's expectation was reported around $792 million. Other investment firms in competition to buy the firm were Paris-based private equity firm PAI Partners and Qatar Mayhoola Investments. (Pepe Jeans is majority held by private equity firms Torreal, Arta Capital and L Capital and was launched in London in 1973)

M1 Group is listed in the Middle East Investors Directory with the code FE151.

More details follows from Reuters:

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