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Delsey Owners Said to Weigh Sale Valuing Firm at $500 Million

  • Partners Group and Argan Capital working with Lazard on sale
  • Sale of luggage business comes after LVMH purchase of Rimowa

Partners Group Holding AG and Argan Capital are exploring a sale of Delsey, their French luggage and travel accessories business, according to people with knowledge of the matter.

The private equity firms are working with Lazard Ltd. to find a buyer in a deal that may happen next year, two of the people said, asking not to be identified as the talks are confidential. The sellers are seeking as much as $500 million, two of the people said. The review is at an early stage and no final decisions have been made, they said.