Key facts
- Leonardo Maria Del Vecchio is considering private debt options.
- The bid is for a stake in the family holding company Delfin.
- The bid is valued at €10 billion.
- Traditional bank financing for the deal is facing delays.
- BNP Paribas has exited the financing consortium.
- U.S. fund Apollo Global Management has reportedly been contacted.
Leonardo Maria Del Vecchio is reportedly exploring private debt options to finance his €10 billion bid to increase his stake in the family holding company Delfin. Traditional bank financing for the deal has encountered delays, prompting Del Vecchio to consider alternative funding sources. BNP Paribas has exited the financing consortium that was initially arranged to support the bid. In light of these developments, U.S. fund Apollo Global Management has reportedly been contacted regarding potential financing. The bid aims to consolidate control over Delfin, which holds significant stakes in EssilorLuxottica, one of the world's largest eyewear and lens makers.