Golden Goose set to fall under control of Ergon - report (translated)
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Golden Goose, the privately-held Italian sneakers manufacturer, is set to fall under the control of private equity firm Ergon, Italian language daily Il Corriere della Sera reported. The unsourced report said that Ergon is set to acquire the stake held by PE firm DGPA. The item said that the two sides entered exclusive negotiations on the matter a few days ago.
The report noted that DGPA and Riello Investimenti collectively hold a 75% stake in Golden Goose. The report did not give the exact size of the stakes held by the two PE firms
The report added that Golden Goose's turnover is EUR 45m, and is set to rise to EUR 70m in 2015.
The report said that Golden Goose could be worth EUR 100m, or 10 times its EBITDA.
Source Il Corriere della Sera