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Sun Capital’s Kellwood explores Vince IPO

29 Jan 2013

vince_sqVince, the high-end clothing company owned by Sun Capital portfolio company Kellwood, is understood to be exploring an initial public offering later this year.

The company, whose clothes are popular with celebrities including Matthew McConnaughey and Cate Blanchett, is working with banks including Goldman Sachs and UBS, Reuters reported.

The Los Angeles-based buisness has yet to set a date for the IPO or decide how much money it would like to raise from the offering, the report said.

Kellwood is looking to capitalise on current investor demand for retail IPOs. Shares in Michael Kors have nearly tripled in price since the fashion company’s December 2011 listing, the report added.

The company bought Vince and related assets for $75m in 2006, ahead of a $542.4m take-private deal with US turnaround specialist Sun Capital Partners in 2008.

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