Permira continues to reduce Hugo Boss stake

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hugo bossPrivate equity firm Permira has further reduced its stake in fashion group Hugo Boss.

Permira has sold 3.96m shares which represent a 5.6 per cent interest in Hugo Boss and will now hold a stake of just over 50 per cent.

Last year the firm divested of a 10 per cent stake in the company, less than two years after selling a 6.4 per cent interest.

Back in October last year Permira received £110.9m from  from a recapitalisation of the company.

The recapitalisation returned 47 per cent on the firm’s initial investment in the company.

Earlier this month Permira received a a return of 1.6 times from the sale of TV programming producer and distributor All3Media.

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