Debenhams will remain in the hands of its lenders after a sale process ended with no acceptable bids.
The credit group, which took control of the retailer after it went into a so-called pre-pack administration last month, said administrators considered buyout bids to be "not at the level required to be taken forward".
The consortium - called Celine - gave assurances that it is a "committed long-term owner" and has provided Debenhams with £200 million in fresh funding.
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Stefaan Vansteenkiste, representing Celine, said: "The investor consortium is a committed long-term owner, which has provided Debenhams with £200 million in fresh funding for the financial restructuring process and to fund the company's operating turnaround.
"Within the consortium, there is extensive turnaround experience, which we will deploy to support the management's plan and to position Debenhams for a long-term successful future."
