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Silver Lake mulls sale of $1bn tax-free shopping firm Global Blue

Expressions of interest in Global Blue from potential acquirers have prompted private investment firm Silver Lake to considering a sale the of tax-free shopping solutions provider, according to a report by Reuters.

The report cites unnamed sources as revealing that Silver Lake has hired an investment bank to explore options for Global Blue, including a sale of the business, or alternative capital market transactions.

No decision has been made yet though, and Silver Lake may opt to retain ownership of Global Blue.

Global Blue’s shares rose 9.2% to $4.99 in afternoon trading in New York on Tuesday, giving the company a market value of about $1bn. The Switzerland-headquartered company, hich provides technology that reimburses retailers for making shopping tax-free for consumers and serves 400,000 merchant stores in over 50 countries, had net debt of €550m euros ($600m) as of the end of March.

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