British footwear company Kurt Geiger is said to have been acquired by Cinven for $372 million.
The acquisition by the European private equity firm represents Cinven’s first investment in fashion. Sycamore Partners acquired Kurt Geiger when it bought The Jones Group.
Representatives for Sycamore declined comment. Sources familiar with the transaction said Cinven plans to make an announcement Monday morning.
Following the closing of it acquisition of Jones, the Stuart Weitzman and Kurt Geiger assets were structured so that the two properties could be sold.
Kurt Geiger has been on the block for some time. The U.S. private equity firm already sold Stuart Weitzman earlier this year to Coach Inc.
The Financial Times first reported the Kurt Geiger deal Sunday night.