Deals
Turkish Retailer DeFacto Is Said to Hire HSBC, Citigroup for IPO
- Owners are said to seek as much as $350 million from sale
- Fund within Mobius’s Templeton owns 8% of fashion outfitter
This article is for subscribers only.
A Turkish clothing retailer that counts Mark Mobius among its shareholders hired Citigroup Inc. and HSBC Holdings Plc for an initial public offering next year, three people with knowledge of the matter said.
Owners of ready-to-wear fashion outfit DeFacto Perakende Ticaret AS also appointed Istanbul-based Unlu & Co. as global advisers for the planned share sale on Turkey’s stock market, said the people, asking not to be identified because the plan isn’t public. Is Yatirim Menkul Degerler AS and Ak Yatirim Menkul Degerler AS were hired as local brokers, they said.