# Permira acquires 40% stake in K-Way from BasicNet

Permira, through its fund Permira Growth Opportunities II, will acquire approximately 40% of K-Way S.p.A. from BasicNet S.p.A. for an enterprise value of €505 million. BasicNet will retain a majority stake of about 60% and provide a €65 million vendor loan.

- Type: Acquisition
- Announced: 2024-10-28
- Where: Italy
- Value: $550.0M (505.0M EUR)
- Status: announced
- Products: outdoor apparel, K-Way brand products
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [BasicNet S.p.A.](https://endata.com/companies/80707.md)
- [Permira](https://endata.com/companies/1299.md) (investor)
- [K-Way S.p.A.](https://endata.com/companies/80708.md) (target)

## Sources

- [pavesioassociati.it](https://pavesioassociati.it/en/news/pavesio-e-associati-with-negri-clementi-assists-basicnet-s-p-a-in-the-entry-process-of-permira-into-the-capital-of-k-way-s-p-a-press-review/), 2024-10-28: "The agreement provides that BasicNet will maintain a majority stake of approximately 60% in K-Way and Permira will acquire approximately 40%."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.