{"id":34863,"date":"2009-10-29T12:43:37","date_gmt":"2009-10-29T16:43:37","guid":{"rendered":"http:\/\/www.pehub.com\/?p=54126"},"modified":"2009-10-29T12:43:37","modified_gmt":"2009-10-29T16:43:37","slug":"och-ziff-buyer-of-tpg%e2%80%99s-debenhams-stake","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/34863","title":{"rendered":"Och-Ziff Buyer of TPG\u2019s Debenhams Stake"},"content":{"rendered":"

LONDON (Reuters) – Hedge fund Och-Ziff (OZM.N<\/a><\/span>) has emerged as the buyer of TPG’s [TPG.UL] stake in British department store chain Debenhams PLC (DEB.L<\/a><\/span>) after the U.S. buyout firm made its exit from the business earlier this week.<\/p>\n

Och-Ziff, one of the world’s largest hedge fund managers, said in a regulatory filing on Thursday it now owns 11.52 percent of Debenhams. The fund is also a shareholder in Peacocks, the British privately owned budget retail chain.<\/p>\n

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. [ID:nLS81759]<\/p>\n

Prior to the transaction, Och-Ziff held some 18 million shares indirectly in Debenhams, according to the filing.<\/p>\n

Och-Ziff declined to comment.<\/p>\n

($1=.6081 Pound) (Reporting by Simon Meads<\/a>; editing by Simon Jessop)<\/p>\n

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LONDON (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. Och-Ziff, one of the world’s largest hedge fund managers, said in a regulatory filing on Thursday it […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-34863","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/34863","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=34863"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/34863\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=34863"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=34863"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=34863"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}