Permira Said to Double Returns as It Exits Stake in Hugo Boss

Buyout firm Permira Advisers is set to make about twice its original investment in Hugo Boss AG as it sells its remaining stake in the German retailer, according to a person with knowledge of the matter.

Permira on Monday said it will sell a 11.9 percent stake, or 8.4 million shares, in Hugo Boss. The sale will be priced from 112.5 euros to 113 euros and Permira has demand for all the shares on offer, a second person said, asking not to be identified as the transaction is private.