Remo Ruffini, Chairman & Creative Director of Moncler, commented: “Eurazeo completely shares our long-term view and our ambition to establish Moncler as a leading luxury apparel group. Eurazeo will contribute, together with Carlyle, to strengthen the company, support our successful strategy and capture the full potential of international growth opportunities we have ahead of us. The listing of the company remains a strategic objective and we will continue to monitor opportunities in the public markets.”
Marco De Benedetti, Co-Head of Carlyle Europe said: “We are delighted to partner with Eurazeo to support Remo Ruffini and the Moncler Group in their effort to fully capture the strong growth potential of its brand portfolio and to further strengthen and internationalize the company. We are particularly proud of the growth we have supported over the past three years, in which time EBITDA has doubled and store numbers have increased significantly, and we look forward to driving the business with the new partnership.”
The transaction values the Moncler Group at an Enterprise Value of €1.2bn. This Enterprise Value represents a 12x 2010 EBITDA multiple. The closing of the transaction is anticipated in the 3rd quarter 2011.
The Moncler Group is a global multi-brand luxury goods company which conducts the design, creation, marketing and distribution of high-end clothing and accessories. The Group owns the historic Moncler brand and other exclusive brands, such as Henry Cotton’s, Marina Yachting and Coast Weber&Ahaus.
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