Carlyle's Puccini sale of Planet Sports falls through

In January, unquote" reported Carlyle's Puccini Group was to sell subsidiary Planet Sports in a trade sale. According to local media reports, Puccini failed to meet terms set out in the contract and deal completion could not go ahead as planned on 27 February.

However, 21sportsgroup reportedly continues to be interested in a purchase of the extreme sports clothing shop. Should the sale occur, 21sportsgroup would have more than 2.2 million customers and an annual turnover of €80m.

According to figures in the German media, Planet Sports has seen negative EBITDA levels since 2012, when it registered a loss of €1.2m, to reach a €2.5m loss in 2013.

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• Topics
• DACH
• Exits
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• Germany
• Carlyle Group