The Carlyle Group and KKR, two of the most prominent private equity firms in the country have submitted non-binding offers for the controlling stake in fashion brands Maje, Sandro and Claudi Pierlot. The information was provided by sources familiar with the transaction who spoke on condition of anonymity.
The brands' auction has generated major interest in the fashion and finance community as there are no similar assets of the same size available in the market. The brands are also known for their trendy, upscale and affordable off the rack garments.
The three fashion brands are controlled buy Bernard Arnault, the luxury goods mogul. The assets have an enterprise value estimated at more than Eur650 million or US$880 million.
Aside from Carlyle and KKR, other non-binding bids were submitted by PAI Partners, CVC Capital Partners, Eurazeo and Wendel. Another major player bidding is the Moulin family, who owns the controlling stake in Galleries Lafayette.
Join the Conversation