roberto-cavalli

Investcorp eyeing majority stake in Italian fashion brand

: Tuesday, May 27 - 2014 @ 01:39

Bahrain-based private equity group, Investcorp is in talks with Italian luxury designer Roberto Cavalli to acquire a majority stake in his fashion brand, as negotiations with buyout investor Permira faltered, The Financial Times has reported, citing people with knowledge of the talks. Cavalli is ready to consider a sale that would value the luxury company at €450m including debt, two of the people said. This price would equate to more than 15 times earnings before interest, taxes, depreciation and amortisation.

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Tuesday, May 27- 2014 @ 1:39 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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