By  on March 28, 2013

PARIS — Kering said Thursday that its Redcats division has concluded the deal to sell Vertbaudet and Cyrillus, its children and familiy brands, to Alpha Private Equity Fund 6 for an enterprise value of 119 million euros, or $152.5 million at current exchange.

Kering, previously PPR, had announced last January it was in exclusive negotiations with Alpha.

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