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Private equity-backed Moncler files for IPO in Milan

15 Oct 2013

monclerPrivate equity-backed luxury clothing retailer Moncler has filed to float on Milan’s stock exchange.

Moncler said Eurazeo and Carlyle – which currently own 45 and 18 per cent respectively – and Progressio Investimenti will reduce their stakes in the company, which currently operates 122 single-brand stores in Italy, the rest of Europe, Asia and North America.

Earlier this year it was reported that the company was expected to sell a 30 per cent stake.

The IPO could value Moncler at €3bn, said the Wall Street Journal, citing a person close to the deal.

Last year Moncler posted an EBITDA of €161.5m on revenues of €489.2m.

Goldman Sachs International, Bank of America Merrill Lynch and Mediobanca will act as joint coordinators for the IPO, while Banca IMI, JP Morgan, Nomura and UBS will serve as joint bookrunners.

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