TPG-Led Group Is Said to Weigh Sale of Stake in APM Monaco (1)

A group of investors led by U.S. buyout firm TPG is considering a sale of its minority stake in jewelery maker APM Monaco, people familiar with the matter said, after volatile markets derailed plans for an initial public offering.

The investor group has started informally sounding out interest from prospective buyers, the people said, asking not to be identified as the information is private. A sale of the 30% stake held by TPG and its partners could give the company an enterprise value of about $1.5 billion, the people said.

Considerations are preliminary, no final decision has been made ...