Latham & Watkins Advises Carlyle in the Sale of Golden Goose to Permira

Landmark transaction represents the largest private equity deal in Italy to date this year.

February 12, 2020

Golden Goose Deluxe Brand (Golden Goose), Permira, and The Carlyle Group have announced that a company backed by the Permira Funds has agreed to acquire a majority stake in Golden Goose.

Established in 2000 in Venice, Italy, Golden Goose is one of the fastest growing and most distinctive luxury fashion brands, widely recognized for its iconic sneakers. The company, which operates in Europe, the US, and Asia, has a network of 100 stores and a fast growing online presence. 

Latham advised Carlyle in the transaction with a team led by Milan partners Stefano Sciolla and Giancarlo D’Ambrosio, with associates Giovanni Spedicato, Luca Maranetto, and Andrea Stincardini. Advise was also provided on regulatory matters by Milan counsel Cesare Milani. 

In 2017, Latham advised Carlyle on its acquisition of Golden Goose through Carlyle Europe Partners IV (CEP IV), a European-focused, upper-mid market buyout fund, and Carlyle Asia Growth Partners V. During Carlyle’s ownership, revenues have grown from €140 million to estimated revenues in excess of €262 million in 2019.

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