ITALY - Permira buys stake in Valentino for EUR 783m

The shareholding corresponds to 21951 million shares at a price of EUR 35 each, plus a dividend of EUR 0.65 per title, which values the company at EUR 2.6bn. It is understood that the offer from the buyout house has surpassed those of its peers Carlyle, Apax and PAI.

The seller is ICG, the investment vehicle controlled by the Marzotto family, which has diluted its stake to 0.3%. It is understood that Permira will not look into increasing its shareholding in Valentino in the near future.

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• Topics
• Buyouts
• Southern Europe