Bahrain's Investcorp said to chase Versace stake

  • Share via facebook
  • Tweet this
  • Bookmark and Share

Bahrain-based fund Investcorp is one of several investors who have expressed a preliminary interest in buying a stake in Versace, one of Italy's best-known luxury brands, sources close to the situation told Reuters.

According to the sources the list of those interested includes Italy's strategic fund FSI, AXA Private Equity, UK-based private equity fund Permira and Italy's Clessidra. Versace is expected to sell a stake of 15-20 percent.

The sources said Versace's advisers were looking to define within days a list of four of five players with which to start more concrete discussions.

China's Fosum and South Korea's E-Land, two of the several names that had been circulating in the press, have said they are not interested while sources with knowledge of the situation told Reuters on Monday Qatar was looking less likely to bid despite holding talks with the group earlier this year.

Related:

Market Performance

Investcorp Bank
601.0
0.0 0.0 (%)
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Features & Analysis
Public pressure grows on Gulf sovereign funds with cheap oil

Public pressure grows on Gulf sovereign funds with cheap oil

SWF managers face growing pressure from politicians and the public...

Gulf banks increase lending footprints in Asia, Africa

Gulf banks increase lending footprints in Asia, Africa

There's an emerging trend in international capital markets: the...

Some banks win, some lose in Dubai's 'Islamic economy'

Some banks win, some lose in Dubai's 'Islamic economy'

Dubai's gov't announced plans to turn the emirate into a global...

Most Popular
Most Discussed