Mayhoola for Investments has acquired full ownership of Valentino Fashion Group (VFG) from Red&Black Lux S.a.r.l., a holding company controlled by Permira Funds (80%) and the Marzotto family (20%). The transaction focuses specifically on the Valentino brand and the M Missoni license. The deal structure excludes the MCS-Marlboro Classics brand (which remains with Red&Black) and follows the earlier separation of Hugo Boss from the group. The acquisition was funded entirely through cash without recourse to bank financing, reflecting the financial strength of the Qatari investors. This exit marks the conclusion of Permira's ownership, during which the firm restructured the group's debt and revitalized the brand's creative direction.

VALENTINO, which reported an EBITDA margin of LOGIN in 2012, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level around LOGIN higher than the 10.9x average currently observed in the Retail & Consumer sector.

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