French PE firm Eurazeo to buy 45-% stake in French clothier Moncler for €418 mn
06 Jun 2011
Eurazeo, the French listed private equity firm, today said that it would acquire a 45 per cent stake in luxury clothing group Moncler for €418 million after reaching a deal with Remo Ruffini, Carlyle Group and Brands Partners 2.
The transaction values the Grenoble, France-based Moncler Group at €1.2 billion representing a 12x 2010 EBITDA multiple.
Founded in 1952 by René Ramillon, Moncler Group is a global multi-brand luxury goods company which designs, creates, markets and distributes high-end clothing and accessories.
The group owns the Moncler brand and other exclusive brands, such as Henry Cotton's, Marina Yachting and Coast Weber & Ahaus. It is also a licensee of 18CRR81 Cerruti.
The group operates in Italy, Europe, Asia / Japan and North America.
The Moncler brand, founded in 1952, is now active in the luxury market and is among the world leaders in their down jackets and has products range that includes the high fashion sector, with collections "Gamme Rouge" and "Gamme Bleu."
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