Investcorp eyeing majority stake in Italian fashion brand
27/05/2014 1:39 am EDT

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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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