Il Sole 24 Ore has made public the scoop. Focus on Valextra. In fact, the corporate arrangement of the leather goods brand is about to change shortly. Neo Investment Partners, a private equity fund, has been holding 60% of the company’s shares since 2013: they are about to leave ownership now. Several candidates are gearing up to take over. One for all: Kering group.
Focus on Valextra
According to the financial daily newspaper, they would have probably signed the deal, at this point, if Covid-19 emergency had not broken out. However, Neo Investment Partners, which invested 25 million euros in Valextra in 2013, are supposedly planning to find their way out. “Considering, as well, that the investment is going to expire – pointed out Il Sole 24 Ore – as much as the fund in which they placed their shareholding”.
Reportedly, several players are focusing their attention on the deal. Who are they? Other private equity funds, to begin with, and, most of all, Kering. As is common knowledge, the French group may well rely on the entire expertise they need to upgrade a brand and lead it into the high-end upper world.
Besides that, formerly in 2013, when the name of the group was still PPR, they had already shown an interest in Valextra. Looks like they are back in love again then: it is going to be much fun indeed.
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