FRANKFURT May 28 Permira has placed a
5.6 percent stake in fashion group Hugo Boss at
101.50 euros a share with institutional investors, a source
familiar with the transaction said on Wednesday.
The buyout group reaped just over 400 million euros ($545
million) from the sale, which will result in an increase of Hugo
Boss' free float to around 48 percent of the share capital.
Permira, which owns the Hugo Boss stake via its Red & Black
investment vehicle, last sold off shares in May 2013 and
November 2011, when it reduced its stake by 10 percent and 6.4
Morgan Stanley organised the accelerated book building
($1 = 0.7345 Euros)
(Reporting by Arno Schuetze; Editing by Philipp Halstrick and