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Today: April 12, 2025

Goldman Sachs to lead 2.5-billion-euro financing for Prada-Versace deal, daily MF reports

People stand outside a Prada store in Galleria Vittorio Emanuele II in Milan
April 04, 2025
Reuters - Reuters

ROME (Reuters) - A pool of banks led by Goldman Sachs is ready to give Prada a 2.5-billion-euro ($2.77 billion) financing line to help the Italian fashion group in its acquisition of Capri Holdings-owned Versace, Italian daily MF reported on Friday.

Some 1.5 billion euros would be used for the acquisition, while the remaining 1 billion euros would be used to relaunch the struggling takeover target, the report added.

Goldman Sachs was not immediately available for comment.

Goldman Sachs to lead 2.5-billion-euro financing for Prada-Versace deal, daily MF reports
FILE PHOTO: The logo for Goldman Sachs

($1 = 0.9032 euros)

(Reporting by Alvise Armellini and Elisa Anzolin, editing by Giulia Segreti)

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