Bahrain's Investcorp said to chase Versace stake

Sources say investment firm is one of several interested in Italian luxury brand

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:
Join the Discussion

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

NOTE: Comments posted on arabianbusiness.com may be printed in the magazine Arabian Business

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

All comments are subject to approval before appearing

Further reading

Features & Analysis
Is Africa's investment dream still on track?

Is Africa's investment dream still on track?

It was the new bright spot for global investors, but widespread...

Deal-making to drive 2017 Middle Eastern banking fee bonanza

Deal-making to drive 2017 Middle Eastern banking fee bonanza

Fees from the Middle East reached $581m during the first nine...

Accounting meets religion in challenge for Islamic banks

Accounting meets religion in challenge for Islamic banks

Reconciling accounting standards and religious principles is...

Most Discussed
sponsoredTracking