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Blackstone to inject €150 million of fresh capital in Versace Group

GIVI Holding SPA and Gianni Versace SPA today announce that they have signed an agreement with private equity funds managed by Blackstone pursuant to which Blackstone will inject €150 million of fresh capital into the Company and will acquire €60 million in stock from GIVI Holding SPA

Versace chose Blackstone to participate in the next phase of the Company’s development after a rigorous process of selection. On completion of the transaction, Blackstone will own 20 per cent of the Company — implying a total enterprise value of €1 billion. The Versace family will remain at the heart of the Company, with Ms. Allegra Versace Beck, Ms. Donatella Versace and Mr. Santo Versace all playing important roles in the Company.

Versace will release its 2013 results at the end of March. The Company expects to announce revenues up approximately 18 per cent to nearly €480 million and EBITDA up more than 50 per cent to at least €69 million.

Versace Men’s Spring Summer 2014 ad campaign

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