PRINT THIS PAGE Permira reportedly in negotiations to acquire majority stake in Valentino18/05/2007. Source: AltAssets. 
 Permira is in exclusive negotiations with majority shareholders the Marzotto family to acquire more than 50 per cent of Valentino Fashion Group, Reuters reported. The London-based private equity firm has already bought a 29.6 per cent stake in the Group for €782.6m - or €35 per share, plus a €0.65 per share dividend.
The deal would value Valentino at €2.6bn.
Under Italian law, if the deal is successful, Permira will be required to make a bid for the entire company.
Gianluca Andena, CEO of Permira Associati, advisor of the Permira Funds in Italy, said earlier this week, following the agreement to acquire the 29.6 per cent stake, 'We are interested in increasing the Funds' stake, also through a public tender offer. In any case, the amount to be offered to the other shareholders of Valentino Fashion Group would not be higher than that one offered to ICG, €35 per share ex dividend.'
Permira's main rival for the Valentino deal has been Carlyle.
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