Buyout Interest in Samsonite Is Waning on Valuation Concerns
- Samsonite sees dual listing as a better option to boost value
- Private equity firms consider price is too high for buyout
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Private equity firms are backing away from Samsonite International SA after assessing that it is priced too highly for a buyout, according to people familiar with the situation, clearing the way for a dual listing of the luggage maker.
Early interest from investment funds didn’t match Samsonite’s value expectations, the people said, asking not to be identified because the matter is private. While potential suitors could revive work on a go-private deal, such plans are on hold, the people said.