Permira completed the acquisition of a majority stake in Gruppo Florence.

Permira, a private equity firm, completed the acquisition of a majority stake in Gruppo Florence, a luxury goods manufacturer. Financial terms were not disclosed. “Gruppo Florence is an outstanding project. We very proudly contributed to its launch and development, thus creating in just few years a leading player of textile manufacturing with exceptional development opportunities that the new shareholder will undoubtedly be able to grasp," Carlo Pesenti, Italmobiliare CEO.