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Blackstone-Versace deal values the company at 1 billion euros

Gianni Versace SpA, better known as Versace, has signed an agreement with private equity firm Blackstone Group LP, in which the US firm obtains a 20 percent stake in the Italian fashion house, valuing the company at 1 billion euros. Blackstone will also inject 150 million euros of fresh capital into Versace and acquire 60 million euros of shares...

27 Feb 2014