Private equity firm Permira has reached an agreement to buy Italian luxury sneaker brand Golden Goose, a source familiar with the matter told Reuters on Wednesday.
The Venice-based shoemaker, which makes sneakers that sell for 400 euros ($437), is owned by private equity fund Carlyle (CG.O).
Carlyle in December kicked off the sale process with a view to receiving bids valuing the brand at no less than 1.2 billion euros, sources have said.
Permira was vying with rival private equity firm Advent and U.S. SPAC Acamar, one source had said.
A spokesman for Permira was not immediately available for a comment.
Source: Reuters
Can’t stop reading? Read more
Top private equity news of the week
Top private equity news of the week Soho House, the global private members’ club and hotel group,...
Audax turns to Blackstone as Justrite seeks $700m private credit lifeline
Audax turns to Blackstone as Justrite seeks $700m private credit lifeline Audax Private Equity is...
Mitsubishi takes stake in RRJ-backed Fullerton Health to fuel Southeast Asia growth
Mitsubishi takes stake in RRJ-backed Fullerton Health to fuel Southeast Asia growth Mitsubishi...