Italian private equity firm QuattroR has agreed to acquire a stake of up to 80 percent in fashion company Trussardi.
QuattroR will acquire the stake via an equity-linked commitment of about 50 million euros ($57 million).
Earlier this year, a couple of banks, including Intesa Sanpaolo, UniCredit and Banca Monte dei Paschi di Siena, inked a financing agreement with Trussardi worth $58.7 million.
The owners of Trussardi will keep a minority stake in the company after the stake sale.