FTI Said to Start Sale of Bain Capital, MV Credit’s Pronovias

FTI Consulting has started a process to sell Pronovias Group, a Spanish manufacturer of wedding dresses owned by Bain Capital and MV Credit, according to documents seen by Bloomberg.

FTI has been commissioned to run the court-mandated sales process for Pronovias’s worldwide assets and is seeking investors to submit non-binding offers in the coming days, according to a copy of the sales document reviewed by Bloomberg News. The sale aims to “maximize creditor recovery” and FTI is seeking to close the deal by the end of March, according to the document.