M&A Deal Summary

Capri Holding Acquires Gianni Versace

On September 25, 2018, Capri Holding acquired apparel/textiles company Gianni Versace from The Blackstone Group for 1.8B EUR

Acquisition Highlights
  • This is Capri Holding’s 2nd transaction in the Apparel/Textiles sector.
  • This is Capri Holding’s largest (disclosed) transaction.
  • This is Capri Holding’s 1st transaction in Italy.

M&A Deal Summary

Date 2018-09-25
Target Gianni Versace
Sector Apparel/Textiles
Buyer(s) Capri Holding
Sellers(s) The Blackstone Group
Deal Type Add-on Acquisition
Deal Value 1.8B EUR

Target

Gianni Versace

Milan, Italy
Gianni Versace S.p.A. is an Italian fashion brand that designs, manufactures, distributes and retails fashion and lifestyle products including haute couture, prèt-à-porter, accessories, jewelry, watches, eyewear, fragrances, and home furnishings all bearing the distinctive Medusa logo. The Versace group distributes its products through a worldwide distribution network which includes over 200 boutiques in some of the world’s most glamourous cities. It was formed in 1978 and is based in Milan.

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Buyer(S) 1

Buyer

Capri Holding

London, United Kingdom

Category Company
Founded 1981
Sector Apparel/Textiles
Revenue 5.7B USD (2022)
DESCRIPTION

Capri Holding is a global fashion luxury group, consisting of iconic brands that provide design, style, and craftsmanship. Its brands cover the full spectrum of fashion luxury categories including women’s and men’s accessories, footwear, and ready-to-wear as well as wearable technology, watches, jewelry, eyewear, and a full line of fragrance products. Capri Holdings was incorporated in 1981 and is based in London, United Kingdom.


DEAL STATS #
Overall 2 of 3
Sector (Apparel/Textiles) 2 of 3
Type (Add-on Acquisition) 1 of 2
Country (Italy) 1 of 2
Year (2018) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-25 Jimmy Choo

London, United Kingdom

Jimmy Choo is a branded designer, wholesaler and retailer of women’s shoes remain the core of the product offering, alongside handbags, small leather goods, scarves, sunglasses, eyewear, belts, fragrance and men’s shoes. Jimmy Choo was founded in 1996 and is based in London, United Kingdom.

Buy $1.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-16 Alberto Gozzi S.r.l

Chiesina Uzzanese, Italy

Alberto Gozzi S.r.l is an Italian atelier and shoe manufacturer. Alberto Gozzi is based in Chiesina Uzzanese, Italy.

Buy -

Seller(S) 1

SELLER

The Blackstone Group

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 131.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Blackstone Group is a global alternative investment management firm. The Firm's investment activities span real estate, secondary investments, hedge funds, credit, infrastructure, and private equity. Blackstone's private equity group targets opportunities globally including buyout acquisitions of established companies, development projects, growth equity financings, and industry consolidations. Sectors of interest include automotive, healthcare, chemicals, industrial, commercial property, lodging, communications, media/publishing, consumer & retail, packaging, consumer products, pharmaceuticals, energy, technology, entertainment, telecommunications, financial services, theme parks, food & beverage, and transportation. Blackstone's private equity real estate group looks for opportunities across North/South America, Asia, Australia/New Zealand, and Europe. The real estate group will consider both equity and debt investments. Areas of interest include healthcare, hotel, industrial, office, residential, and retail. The Blackstone Group was formed in 1987 and is based in New York City.


DEAL STATS #
Overall 123 of 173
Sector (Apparel/Textiles) 3 of 6
Type (Add-on Acquisition) 44 of 67
Country (Italy) 1 of 2
Year (2018) 8 of 13
Size (of disclosed) 21 of 57
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-24 Ascenty

Campinas, Brazil

Ascenty is the largest data center provider in Brazil, with seven data centers currently operating and an additional data center under construction. The company was founded in 2010 and has focused on building world-class data centers while serving some of the largest global technology companies. All the company’s data centers are interconnected using a proprietary 4,000 km fiber-optic network.

Sell $1.8B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-27 Walker Edison

Salt Lake City, Utah, United States

Walker Edison is a provider of innovative, affordable home furnishings to global e-commerce platforms. global e-commerce platforms to provide innovative home furnishings at affordable prices. Walker Edison was founded in 2006 and is based in Salt Lake City, Utah.

Buy -