By  on March 1, 2018

MILAN — Private equity firm BC Partners has found a buyer for Italy’s Gruppo Coin SpA. Centenary SpA, a new company formed by Coin’s management team and other investors, is acquiring 100 percent of the department store chain. Financial details were not revealed.

Coin manages directly and through franchisees around 40 stores selling apparel, beauty products and home decoration, operating under the Coin, Coin Excelsior and Coincasa banners. In total, these generated sales of 400 million euros in 2017.

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