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Italian fashion house Robert Cavalli talks down private equity buyout

24 Jan 2014

Italian fashion brand Roberto Cavalli has denied reports of a rumoured private equity takeover.

Italy’s Il Mondo previously reported that the Milan-headquartered company was close to being acquired by UK buyout house Permira for €450m, or 13 times EBITDA.

Reuters reported that Roberto Cavalli had dismissed the news as being “inaccurate and groundless”

Permira was previously linked with a bid to acquire fashion house Versace alongside fellow private equity firms Blackstone and Clessidra.

Most recently Permira fully exited its investment in German broadcasting company ProSiebenSat.1 Media alongside KKR.

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