Investcorp is gearing up to sell Italian motorcycle clothing brand Dainese in a deal that could value the 49-year firm, favoured by motorcycle racer Valentino Rossi, at about 750 million euros, a source familiar with the matter told Reuters.
Investcorp, which took control of Dainese in 2014 for 130 million euros, aims to cash out for about 750 million euros ($848 million) and if successful, it could make almost six times its money from the sale.
Investcorp, with $37.6 billion of assets under management as of June 30, has clinched more than eight acquisitions this year through both its flagship private equity fund and technology fund which focuses on established European tech businesses.
Read more/Source: Reuters
