Exclusive-Investcorp revs up to sell Italian motorcycle clothing brand Dainese – sources By Reuters – Investing.com
Exclusive-Investcorp revs up to sell Italian motorcycle clothing brand Dainese – sources By Reuters – Investing.com
By Pamela Barbaglia
LONDON (Reuters) - 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.
The Bahrain-based private equity firm, which has a history of turning around upmarket luxury brands including Gucci and Tiffany, has hired Lazard (NYSE:) to launch a sales process for the company, known for its motorcycling racing wear, at the start of 2022, the source said, speaking on condition of anonymity.