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Permira continues to reduce Hugo Boss stake

28 May 2014

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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