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New Deal


Announced

L Catterton to acquire a 36% stake in Tod's for €504m.

Financials

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Transaction Value£430m
Consideration TypeCash
Capital Owned-
Capital Bid For36%
EV/Sales-
EV/EBITDA-
Share Price Premium17.6%
One Off Charge-

Tags

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Public

Cross Border

Luxury Items

footwear

bags

accessories

Italy

Acquisition

Minority

Private Equity

Pending

Friendly

Single Bidder

Tender Offer

Synopsis

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L Catterton, a US-headquartered private equity firm, offered to acquire a 36% stake in Tod's, a luxury fashion house, for €504m. "At this time exiting the stock market, with which we have always had excellent relations, we believe it is the most strategically appropriate choice. Sharing this path with L Catterton, the world's leading private equity firm in the consumer goods sector, will give us the opportunity to develop further,” Diego Della Valle, Tod's CEO.

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