German discount fashion retailer NKD has been put up for sale as its UK-based private equity owner OpCapita hopes to benefit from high equity valuations.
The investor has asked Goldman Sachs to find a buyer for the company, which is expected to post earnings before interest, tax, depreciation, and amortization of about 40 million euros ($49 million) and may be valued at 300-350 million euros in a potential deal.
The company is competing for investor attention with larger peer Takko, which Apax Partners is currently presenting to potential buyers as it considers financing options for the company.
In 2016, NKD posted sales of 680 million euros.