Private equity firms eye Versace

Interested parties include the state-supported fund Fondo Strategico Italiano, Axa Private Equity, Permira, Bahrain-based Investcorp and Clessidra. The company is thought to be selling a stake of around 20%. 

The Italian luxury goods sector has consistently turned the heads of GPs, including two of the players currently reported to be circling Versace. In July 2012, Permira sold Valentino Fashion Group to Mayhoola for Investments, a vehicle backed by a Qatari private investor group in a deal worth around €700m.

Earlier this year, Clessidra bought a 70% stake in luxury jewellery firm Buccellati. The buyer was understood to have invested around €80m to acquire the stake, leaving the remaining shares in the hands of the founding family.

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• Southern Europe
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