KKR in Talks to Buy French Fashion Brands -Report
March 31 2013 - 9:16PM
Dow Jones News
Private equity firm KKR & Co. (KKR) has entered into
exclusive talks to buy a majority stake in French fashion brands
Maje, Sandro and Claudie Pierlot, Reuters reported on its website
Saturday citing a person familiar with the transaction.
The brands are partially owned by LVMH Moet Hennessy Louis
Vuitton (MC.FR) Chief Executive Bernard Arnault and have an
enterprise value of 650 million euros, the report cited the source
as saying.
KKR rival Carlyle Group LP (CG) was the runner-up in the
process, in which French private equity firm Eurazeo (RF.FR) and
Hong Kong-based holding company Swire Pacific Ltd. (0019.HK) were
also contenders, the source said.
Full story:
http://www.reuters.com/article/2013/03/30/us-sandro-kkr-idUSBRE92T05Q20130330
Write to generaldeskslot@dowjones.com
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