TPG, Apax among bidders for Nike's Cole Haan unit

Private equity firms TPG Capital Management and Apax Partners are among several parties in the running to buy Nike's leather handbag and shoe maker Cole Haan, according to three people familiar with the matter. Photo: Cole HaanThe auction process, which began earlier this summer, is in the second round with Cole Haan likely to fetch around $500 million, two of the people said. Nike, the world's biggest athletic shoe and clothing maker, said in May it would look to sell Cole Haan and soccer gear

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