Hire JP Morgan and Goldman Sachs for the operation
MADRID, 14 Sep. (EUROPA PRESS) -
The perfume, fashion and makeup company Puig, owner of brands such as Carolina Herrera and Paco Rabanne, plans to go public by 2024 with an estimated valuation of 8 billion euros, although everything will depend on the market situation at that time. as Europa Press has been informed by market sources.
Specifically, as 'Expansión' reveals this Thursday, the firm has hired the services of Goldman Sachs and JP Morgan as global coordinators for its jump to the stock market.
The newspaper explains that the hiring of these investment banks comes four months after the family capital group reorganized its corporate structure to group all its businesses under a public limited company (Puig Brands SA). The parent company was previously Puig SL and this type of company cannot be listed.
According to 'Expansión', the logical thing would be for the scope of the placement to be between 25% and 49% of the capital, the minimum that, as a general rule, the National Securities Market Commission (CNMV) requires of companies that They want to go public as much as possible so that the Puig family retains control of the group.
The company, which also owns the Jean Paul Gaultier brand, has declined to comment on the matter.
Puig closed the 2022 financial year with a net profit of 400 million euros, 71% more than in 2021, and net income of 3,620 million, which represents an increase of 40%.
Likewise, the company achieved a gross operating result (Ebitda) of 638 million euros, which represents an increase of 37% compared to 2021, and in 2022 it recorded the best results in its history to date for the second consecutive year.