Processing timeline
17
days
Filed
17 Feb 2026
Acquirer(s)
Rosa Investments Pte. Ltd. UEN 202340014H (Accounting and Corporate Regulatory Authority of Singapore), GG12 S.p.A. 14436160965 (Italy)
Target(s) or Vendor(s)
Permira VII Investment Platform Limited 12263614 (UK Tax number), Golden Goose Group S.p.A. 11212510967 (Partita IVA – Italy)
Other parties
HongShan Capital Advisors (Hong Kong) Limited 35968906 (Hong Kong), GG11 S.p.A. 14413670960 (Italy), Temasek Holdings (Private) Limited UEN 197401143C (Accounting and Corporate Regulatory Authority of Singapore), Holzweiler Items AS 914193087 (Norway), Ami Paris SAS 527636609 (France), True Light Investments P Pte. Ltd. UEN 202105088D (Accounting and Corporate Regulatory Authority of Singapore)
HongShan Capital Advisors and Temasek, via Rosa Investments, have indirectly acquired joint control of Golden Goose Group S.p.A. The share acquisition involves the Italian premium apparel, footwear, and accessories designer and manufacturer. Golden Goose distributes products globally through retail, wholesale, and online channels.
The transaction involves the indirect acquisition of joint control by funds advised or managed by HongShan Capital Advisors Limited ( HSG ) and by Rosa Investments Pte. Ltd. ( Rosa ), an investment holding company indirectly wholly owned by Temasek Holdings Private Limited ( Temasek ), over Golden Goose Group S.p.A. ( GGG ), a holding company which in turns owns the entire share capital of Golden Goose S.p.A. ( Golden Goose ). Golden Goose is an Italian-headquartered company specialising in the design, manufacture and sale of premium apparel, with a strong focus on footwear, in addition to ready-to-wear clothing and accessories. Golden Goose distributes its products through its own retail stores, wholesale channels, and its online platform, operating across Europe, the United States and Asia. HSG is a venture capital and private equity firm headquartered in Hong Kong. HSG holds controlling interests in Holzweiler Items AS ( Holzweiler ) and Ami Paris SAS ( Ami Paris ). Incorporated in 1974, Temasek is an investment company headquartered in Singapore and has a global portfolio covering a range of industries. The acquisition consists of BidCo (a company wholly owned by GG11 S.p.A. ( HoldCo ), an entity indirectly wholly owned by HSG), acquiring: a. 100% of the shares in Astrum S.a.p.A. di Astrum 4 S.r.l. & C., a company which, in turn, owns 88.05% of the share capital of GGG; and b. the shares representing the remaining 11.95% of the share capital of GGG from PSLG Limited, pursuant to a sale and purchase agreement entered into by and among Permira VII Investment Platform Limited, Astrum 4 S.r.l., Astrum 5 S.r.l., Astrum 6 S.r.l., CEP IV Participations S.à r.l., SICAR and Carlyle Growth Investments III, on one side, and BidCo, as purchaser, on the other side. Immediately prior to or at closing of the acquisition, Rosa and True Light Investments P Pte. Ltd., certain managers of GGG, funds advised or managed by Permira Holdings Limited ( Permira ) and funds advised or managed by Carlyle will invest alongside HSG in HoldCo, and indirectly in BidCo and GGG. Following the acquisition, GGG will be jointly controlled by HSG and Temasek.