Goldman Sachs, JPMorgan, and UBS are arranging between €800m and €900m of debt to finance HSG’s acquisition of Italian luxury sneaker brand Golden Goose Group, Bloomberg reports.

The financing is expected to be structured through high-yield bonds and potentially floating-rate notes, in line with Golden Goose’s existing debt profile. 

The package could be launched to investors toward the end of the first quarter and is expected to attract global high-yield investors, including Asian funds seeking exposure to a high-profile European luxury brand.

HSG, formerly known as Sequoia Capital China, agreed to buy Golden Goose from private equity firm Permira in a transaction said to value the business at slightly over €2.5bn. Singapore-based Temasek will take a minority stake, while Permira will also retain a minority shareholding following completion.

The deal ranks among the most prominent acquisitions of a European luxury brand by a Chinese buyer and one of the largest in the sector this year. It comes as lenders show renewed appetite for financing consumer and luxury assets with strong brand equity, despite volatility in broader leveraged finance markets.

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