Blackstone has sold its 20% stake in the Milan-headquartered fashion brand Versace to New York Stock Exchange-listed fashion conglomerate Michael Kors, which will rebrand as Capri Holdings.
Sale of business intelligence company generates a 2.6x money multiple and 52% IRR for AnaCap
Following the deal, Gavin Thomas will be appointed as finance director and Nick Ward as chair
Spring Associates Responsible Investment Service will trade under the MJ Hudson Spring brand
GP will use the special purpose acquisition vehicle Media Investments & Holding for the transaction