By  on October 15, 2012

In July, Mayhoola for Investments, an investment vehicle backed by a private investor group from Qatar, agreed to acquire Valentino Fashion Group SpA. Terms of the deal were not disclosed, but Milan-based sources peg the price tag at around 700 million euros, or $907 million at current exchange.

The agreement was signed between Mayhoola and Red & Black Lux Sarl, a company indirectly controlled by Permira Funds in partnership with the Marzotto family.

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