Carlyle & Permira Make Separate Valentino Bids

The Carlyle Group, as US-based private equity firm, and European buyout house Permira are in talks with Italy's Marzotto family regarding its stake in Valentino Fashion Group.

According to The Wall Street Journal Europe, Carlyle and Permira are in separate talks to buy up to 50 percent of Valentino, which has a market cap of approximately Euro2.5bn (US$3.38bn) and owns Italian fashion house Valentino and has a majority stake in Germany's Hugo Boss and Marlboro Classics.