Carlyle to buy stake in Italy's Moncler

MILAN (Reuters) - Private equity firm Carlyle Group will buy a stake in Moncler from a group of Italian investors in a deal that values the Italian clothing company at more than 400 million euros, Italy's Mittel said on Tuesday.

Holding company Mittel (MTTI.MI) said in a statement that current shareholders in Moncler would transfer their holdings to a new company in which the Carlyle Group would hold a 48 percent stake.

"The sale price for the whole of Moncler SpA's share capital is above 400 million euros," Mittel said in the statement.

It did not give any details on the price Carlyle would pay.

Famous for its puffy wind jackets, Moncler owns brands Henry Cotton's and Marina Yachting. It had 2007 total revenues of 253.7 million euros ($392.3 million), which are expected to increase to around 300 million euros this year, Mittel said.

Mittel said the operation was awaiting a green light from antitrust authority and financing institutions.

Moncler's shareholders are Mittel Private Equity, Fondo Progressio Investimenti, Istituto Atesino di Sviluppo ISA and Ruffini Partecipazioni.

The first three will together own 14 percent of the new company while Ruffini Partecipazioni will have a 38 percent stake.

(Reporting by Valentina Za, editing by Phil Berlowitz)