Soros Seeks Sale of American Apparel Lender Crystal Financial

By Kyle A. Richardson

Billionaire investor George Soros is looking to sell a lending company started by one of his investment funds, according to sources at Bloomberg.

Soros Fund Management LLC, a hedge fund owned by Soros, has hired Deutsche Bank AG to solicit bids for Crystal Financial LLC, a lender to promotional supplier American Apparel. The company could sell for as much as $200 million.

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Kyle A. Richardson Author's page

Kyle A. Richardson is the editorial director of Promo Marketing. He joined the company in 2006 brings more than a decade of publishing, marketing and media experience to the magazine. If you see him, buy him a drink.