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New Deal


Announced

LVMH to acquire Platinum Invest Group.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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France

jewellery producers

Luxury Items

Acquisition

Majority

Domestic

Private

Pending

Friendly

Single Bidder

Private Equity

Synopsis

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LVMH, the world's largest luxury goods group, agreed to acquire Platinum Invest Group, a French jewellery producer. Financial terms were not disclosed. "After years of fruitful collaboration, we are very proud to join the LVMH Group and strengthen our ties with such an iconic House as Tiffany & Co. and, thus, be able to contribute to its growth and development," Denis De Becker, President Orest and Abysse.

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