mynth
07/2012

VALENTINO acquired by MAYHOOLA

ITALY Luxury Goods / Fashion & Leather Goods EV 500M - 1.5b EUR

Context

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 in 2012, is valued in this transaction at an EV/EBITDA multiple of , a level as high as the average currently observed in the Retail & Consumer sector (11.9x).

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Target

Founded in Rome in 1960 by Valentino Garavani, Valentino is one of the world's most renowned luxury houses. The brand is deeply rooted in Haute Couture and offers a wide range of ready-to-wear, leather goods, and accessories. Under the ownership of Mayhoola (since 2012) and the leadership of CEO Jacopo Venturini, the brand successfully executed an elevation strategy, focusing on its heritage and red-carpet presence. In 2022, Valentino operated 211 directly operated stores in over 25 countries and generated €1.4 billion in revenue.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2012
2011

Other operations with VALENTINO

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
DateAcquirerTargetCountrySector
07/2023KERINGVALENTINOITALYFashion & Leather Goods

REFERENCES

Valuation range: EV 500M - 1.5b EUR

Revenue range: 250M - 500M EUR

EBITDA range: 25M - 50M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of VALENTINO by MAYHOOLA are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Target: valentino

Acquirer: mayhoola