ITALY – Private equity presents non-binding offers for Cavalli

Francinia
20 May 2008

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Market rumour suggests that private equity funds have offered up to EUR 1.4bn to acquire fashion brand Cavalli.

According to sources the offers are non-binding and there is the possibility of a decrease in the price if the company’s EBITDA (projected to reach EUR 98.4m this year) turns out to be generated by non-recurring factors.

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