Puig, the Spanish luxury conglomerate, which owns Carolina Herrera, Jean Paul Gaultier, Paco Rabanne, Nina Ricci, and Charlotte Tilbury, among other names, has finalised the consortium of banks that will help it enter the stock market, a process that is scheduled to be completed before the summer.
According to the reports, Goldman Sachs and JPMorgan will serve as worldwide coordinators for the banking syndicate driving its IPO. Bank of America, BNP Paribas, and Santander will serve as “joint bookrunners,” while BBVA and Banco Sabadell will act as “co-lead arrangers.” Meanwhile, Cuatrecasas and Linklaters will manage the legal issues.
Puig’s initial public offering and stock market debut will be among the most significant transactions of the year in both Spain and Europe. In terms of timing, the business intends to start the process after Easter and go public before the summer.
The Puig group fascinates the market not only for its portfolio of globally significant brands, but also for the favorable moment of luxury in the stock market, as well as its recent growth and financial position, with a debt of just € 1.2 billion. The company’s worth was projected a few months ago to be between € 8 and € 10 billion, but it might possibly reach € 15 billion.
