Reported 11 months ago
U.S. private equity firm Carlyle Group is continuing with the sale of Twinset, an Italian fashion brand, by inviting potential bidders to submit non-binding offers. Carlyle, advised by Rothschild, aims for a valuation between 300-350 million euros. Teasers have been sent to investors, with potential interest from Asian investment groups. Carlyle acquired Twinset in 2012 and purchased full ownership in 2017. Despite challenges returning to pre-pandemic levels, Twinset recorded a 2023 core profit of 34 million euros on revenue exceeding 200 million euros.
Source: YAHOO