Exclusive-Investcorp revs up to sell Italian motorcycle clothing brand Dainese – sources By Reuters – Investing.com

  • Date: 01-Dec-2021
  • Source: Investing.com
  • Sector:Retail
  • Country:Bahrain
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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.