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Article: EQUITY PLAYERS SNAP UP SAMSONITE AND LA PERLA.(JH Partners L.L.C.)(CVC Partners)
- Article from:
- WWD
- Article date:
- July 6, 2007
- Author:
CopyrightCOPYRIGHT 2007 Conde Nast Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Amanda Kaiser
Deep-pocketed private equity firms are set to scoop up two more luxury goods brands.
Italy's lingerie and fashion group La Perla SpA and JH Partners LLC, based in San Francisco, said Thursday they had reached a preliminary agreement for the U.S. fund to buy a majority stake in La Perla from the company's founders, the Masotti family.
Equity fund CVC Partners inked a deal Thursday to acquire the Samsonite Corp. for about $1.7 billion, or $1.49 a share, including the assumption of debt. CVC is buying the luggage and travel accessories company from a group of investors that includes Ares Management LLC and Bain Capital ...