Eurazeo Buys $610M Stake in Moncler

Eurazeo will pay 418 million euros ($610 million) for a 45% stake in luxury clothing company Moncler, Reuters reported. Remo Ruffini, Moncler chairman and creative director, will keep a 32% stake in the company, and U.S. private equity firm the Carlyle Group will hang onto a 17.8% stake, Reuters reported.

(Reuters) – Eurazeo (EURA.PA) said on Monday it would acquire 45 percent of luxury clothing group Moncler for 418 million euros after reaching an agreement with Remo Ruffini, Carlyle and Brands Partners 2.

Remo Ruffini, the chairman and creative director, will retain a 32 percent stake in the company and U.S. private equity group Carlyle a 17.8 percent stake.

Moncler, which makes insulated jackets, reported 2010 revenues of 429 million euros, a net income of 52 million euros, and EBITDA of 102 million.

Moncler got the go-ahead for a planned initial public share offering at the end of last month. (Reporting by Helen Massy-Beresford; Editing by Greg Mahlich)