Amid a fashion-forward frenzy, Permira has brought Deutsche Bank, JPMorgan, and Goldman Sachs to the catwalk, eyeing a €4B valuation for Best Secret. With the market's mood lifting, it's high time for high finance to meet high fashion, proving even sheep can strut in style.
Permira, the private equity virtuoso, has decked out its strategy with Deutsche Bank, JPMorgan, and Goldman Sachs to ponder over Best Secret's future. It's like inviting Vogue to a finance meeting; expect the unexpected. With a price tag potentially north of €4B, we're not just talking about any sale; we're discussing a blockbuster fashion event where the VIPs are investors. It’s high stakes, high fashion, and high finance, all rolled into one.
Best Secret, not your average thrift shop, boasts a €1.2B revenue runway with a chic 15% EBITDA margin. This is the kind of math that makes even my calculator look good. Acquired from Ardian in 2016, Best Secret has been Permira’s couture in a world of off-the-rack investments. With operations in Germany and Austria, it’s like the hidden gem of the fashion world, exclusive yet wildly profitable.
The market's mood is lifting, and not just because spring collections are out. Improved financing conditions and a thirst for deals are turning heads. Permira’s not just stopping with Best Secret; they're also eyeing a Milan runway for Golden Goose. It’s like planning an afterparty before the main event has even started. In the world of private equity, it's always fashion week.
While the fashion industry watches, Permira is playing 4D chess with stilettos. Exploring sales, IPOs, or even holding out for the right buyer, it's a strategic catwalk where every step counts. This isn’t just about selling clothes; it’s about setting trends in the financial market. And in this high-stakes game of Monopoly, Best Secret is Park Avenue.
❓ Will Best Secret's sale redefine fashion retail?
Each week we select most important sector news and statistic
so that you can be up to speed