Permira is selling 7.9 million shares at between €101.50 and €107.05, representing 11.2 per cent of issued share capital, said a source cited by Reuters.
Citi and BoA Merrill Lynch are said to be running the deal. Permira will be subject to a 90-day lockup on the residual shares, said the source.
Permira bought a controlling stake in German-headquartered Hugo Boss for €5.3bn in 2007, and has a holding of 55.62 per cent.
The firm recently exited its stake in London-listed PE firm SVG Capital by selling 12 million shares representing a 5.7 per cent stake in the company.
Copyright © 2014 AltAssets