Buyers consider Permira-backed Valentino

Advanced talks are currently underway, but Permira confirmed that nothing has yet been accepted.

Permira acquired a 29.6% stake in Valentino in 2007 via its Luxembourg-based holding company Red & Black Lux Sàrl in a deal that valued the brand at €2.6bn.

In 2009, Permira completed the recapitalisation of Valentino, reducing its debt by one third to approximately €1.5bn. Permira committed new equity to the company as part of the recapitalisation, which included €100m of long-term committed revolving credit facilities to support the business.

Buyers first expressed interest in acquiring Valentino in January, when Spanish beauty and fashion group Puig and investors on the Asian markets circled the firm.

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• Topics
• Southern Europe
• Consumer
• Italy
• Permira