Remove Conglomerates Remove Due Diligence Remove Mergers and Acquisitions
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Transcript: Steven Klinsky

The Big Picture

And so I joined Goldman in there, it was a 12-person merger department. So I joined Goldman and their merger department, but said, I’d like to be your LBO guy. The head of mergers and everyone watched over me there. I started at Goldman at ’81 doing, you know, mostly raid work and more traditional merger and seller work.

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Prada nears landmark Versace acquisition in a €1.5bn power play

Private Equity Insights

The acquisition would be a defining moment for Italys luxury sector, reversing a decades-long trend of homegrown fashion houses being absorbed by foreign conglomerates. Prada has spent weeks conducting due diligence, and sources indicate no major red flags have surfaced, bringing the deal closer to completion.