Mar 03, 2014
1169
Blackstone (BX) acquired a 20% stake in Versace on Thursday in a cash and stock deal that values the Italian designer at one billion euros ($1.37B).
The New York-based private-equity giant will inject 150 million euros of fresh capital in Versace and acquire 60 million euros worth of stock from family holding company GIVI Holding SPA. Blackstone will also get a seat on the board.
Source: http://www.foxbusiness.com
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