Permira Said to Pick Banks for €4 Billion Sale of Best Secret

Permira has hired a trio of banks to assess options including a sale of German fashion retail club Best Secret, which could be valued at more than €4 billion ($4.3 billion) in any exit, according to people familiar with the matter.

The private equity firm has chosen Deutsche Bank AG, JPMorgan Chase & Co. and Goldman Sachs Group Inc., the people said, asking not to be identified discussing confidential information.

Permira is mulling all options for Best Secret, they said, adding it’s more likely to receive interest from other large financial investors and hasn’t ruled out an ...