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Private equity-backed Moncler eyes December IPO

11 Jul 2013

stock market_lrgThe private equity owners of Moncler are reportedly planning to float the luxury down jacket maker in December in an IPO that could value it at €2bn.

Private equity firms Eurazeo and Carlyleare looking to sell, while Moncler’s president Remo Ruffini will retain his 32 per cent stake, said Reuters, citing three sources close to the matter.

A $2bn IPO would result in very high returns for Moncler’s top shareholder Eurazeo, which bought a 45 per cent stake in a deal that valued the company at €1.2bn.

The company is expected to sell a 30 per cent stake via the IPO on Milan’s stock exchange, said two sources.

“It is a very seasonal business, so by December, Moncler will have good visibility on its winter season,” said one of the people.

Earlier this month Eurazeo acquired IT infrastructure provider Cap Vert Finance based on an enterprise value of about €70m.

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