L Capital to purchase a 30 percent share in Giuseppe Zanotti Design

L Capital, a private equity fund sponsored by the LVMH

group, may be close to purchasing a 30 percent share of Vicini, parent company of Giuseppe Zanotti Design.

According to Italian newspaper Moda24, if an agreement is reached L Capital will invest in expanding the distribution network of the company. Vicini currently runs over a hundred stores, as well as single branded locations, around the world that offer Giuseppe Zanotti Design, Giuseppe Zanotti Homme, Vicini Tapeet and Vicini.

Invesment bank Rothschild was hired to handle the potential sale and sources speculate that a deal could be announced before Christmas. Sanford C. Bernstein estimated that the deal could be valued 300 million euros, with the company expecting to end the year with turnover of 105 million euros.