Gianni Versace S.p.A. (Versace) acquired by Michael Kors Holdings Limited (renamed Capri Holdings Limited)
Michael Kors Holdings Limited (renamed Capri Holdings Limited) acquired Gianni Versace S.p.A. (Versace), an Italian luxury fashion brand, on Dec 31, 2018.
Transaction summary
- Target
- Gianni Versace S.p.A. (Versace)
- Seller
- -
- Announced
- 2018-09-25
- Geography
- Italy
- Type
- Acquisition
- Deal type
- Control
- Stake acquired
- 100%
- First added
- 2026-10-04
- Latest update
- 2026-10-04
Value and multiples
100% enterprise value
EUR 1.8B
100% enterprise value | EUR
Basis: Public source
Reported price is assumed to be 100% EV unless stated otherwise. Partial-stake estimates are qualified in the basis notes.
Approx. $2.1B USD using FX date 2018-09-25 at 1.1777 EUR/USD.
EV / revenue
-
Period: Year Ended 2017 12 31
Basis: Public source
EV / EBITDA
-
EBITDA basis not stated
Basis: Public source
Amounts paid and other reported values
Original reported amounts and bases; a stake payment is distinct from the estimated whole-company valuation.
Consideration: EUR 1.8B
Audited accounts report approximate EUR1.753bn total consideration at acquisition date, including Capri shares issued to the family; EUR150m reinvestment is not additional consideration.
Basis
- Announced Versace enterprise value EUR1.83bn. Audited FY2017 GIVI Holding group revenue EUR667.984m covers a broader historical perimeter: certain non-core assets and liabilities were excluded from the transfer to Capri. No like-for-like revenue multiple is calculated. EBITDA is not established. Acquisition-date total consideration approximately EUR1.753bn includes Capri shares issued to the family. EUR150m reinvested cash proceeds are not additional consideration. Closed December31,2018; distinct from Prada2025 acquisition. Capri subsequent10-Q also characterizes approximately EUR1.753bn as closing EV, distinct from the announced EUR1.83bn value retained here. Audited FY2017 GIVI Holding consolidated revenue EUR667.984m, broader historical perimeter including non-core assets/liabilities excluded from Capri acquisition. No like-for-like multiple.
Source summary
Michael Kors Holdings announcement of Versace acquisition
Confirmedfor a total enterprise value of Euro 1.83 billion or approximately US$2.12 billion.
Open sourceCapri Holdings Form 8-K: completion of Versace acquisition
Confirmedcompleted its previously announced acquisition (the
Open sourceAudited consolidated financial statements of GIVI Holding S.p.A.
ConfirmedTotal 667,984 668,695 645,002
Open sourceCapri Holdings Form 8-K: closing consideration and family reinvestment
Confirmedan aggregate of €150 million
Open source8-K
ConfirmedOn December 31, 2018, Capri Holdings Limited (formerly named Michael Kors Holdings Limited
Open source8-K
Confirmedreinvested (the “ Subscriptions ”) an aggregate of €150 million of the cash received
Open sourceExhibit
Confirmed31 December 2017 31 December 2016 31 December 2015 €thousand €thousand €thousand Revenues 8.1 667,984
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