By  on October 21, 2008

MILAN - Private equity fund JH Partners LLC said it has attained 100 percent control of La Perla Group by acquiring the 30 percent stake held by Alberto Masotti’s Nute Partecipazioni.

Masotti, whose family founded the Bologna-based innerwear company, had retained his title as chairman and a seat on the board when San Francisco-based JH Partners bought 70 percent of La Perla in July 2007. In tandem with the transaction, Masotti will retire from the company.

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