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🚀 Big News in Beauty Industry! Puig Gears Up for Blockbuster IPO 💄 🌟 Exciting times ahead as Puig, the renowned Spanish beauty group, sets the stage for a monumental IPO in the coming weeks, eyeing a massive €2.5bn fundraising goal! With iconic brands like Paco Rabanne and Charlotte Tilbury under its umbrella, Puig's IPO promises to make waves in the beauty sector and beyond. 💼 As a seasoned IPO advisor deeply passionate about market trends, Puig's strategic move toward a public listing is nothing short of groundbreaking. With an estimated valuation between €8bn and €10bn, Puig's IPO marks a significant milestone in the beauty industry's evolution. 🌍 Led by Marc Puig, the company's visionary leader, Puig aims to strike a balance between family legacy and market dynamism. Their commitment to long-term growth and innovation sets them apart in an ever-changing landscape. And as each of you understands, effective leadership has the potential to propel any project forward. Therefore, this fact only reinforces my expectations regarding this IPO. 🚀 Stay tuned for more updates on the IPO market! #IPO #Puig #Microcap #NYSE #Nasdaq #Investing #Finance #Business Learn more: https://lnkd.in/d8-YBYzA

Spanish designer brands conglomerate Puig is set to be the latest green-shoot in Europe’s IPO market, as the Jean-Paul Gaultier and Paco Rabanne owner prepares to file for a float in Madrid. The finer financial details for the IPO, including the expected share price and the total amount being raised, has yet to be determined, though reports have suggested it will be in the billions. Chair and chief executive Marc Puig in a company statement said the public listing would allow the group to ‘better compete’ in the international beauty market. Puig, in the 2023 financial year, enjoyed a robust financial performance with net revenues reaching €4.30 billion, up 19% on the previous year, whilst net profit was up 16% to €465 million – and earnings (EBITDA) amounted to €849 million, up 33%. More at #Proactive #ProactiveInvestors http://ow.ly/gQ7u105oO3M

Puig aims for top-of-the-range €14bn valuation at IPO Spanish beauty group will list at the end of this week Spanish beauty group Puig is aiming for a top-of-the-range valuation of nearly €14bn in its initial public offering due on Friday, signalling strong demand in a deal set to be Europe’s largest market debut this year. Any bids from investors coming in at below €24.50 per share — equating to a market capitalisation of €13.9bn — “risk missing” out on the offer, according to terms distributed by Puig’s bankers. Puig said this month that its expected valuation range was €12.7bn to €13.9bn. Demand from investors is exceeding the size of the deal, according to those working on it, with the company aiming to sell up to €3bn of shares. A strong listing for Puig would build momentum in Europe’s IPO market, after European private equity group CVC Capital Partners saw its shares jump on its first day of trading last week following a long-awaited IPO. Do you think that this can help build the momentum back in the European capital markets? Please read the article below by Financial Times for more details. #ipos #capitalmarkets #letsgo #europeanmarket #unicorn #beauty #products #accounting

🚀 The Power of Luxury: Puig's Path to Success. 🇪🇸 Exciting news! Puig, the 110-year-old Spanish, family-owned conglomerate, is going public! 💼 📈 Puig reported 2023 results of €4.3 billion ($4.6 billion), setting the stage for hitting its €4.5 billion ($4.8 billion) sales goal by 2025. 🛍️ Puig has evolved from fragrance licensing to a diverse portfolio including cosmetics and skincare, thanks to strategic acquisitions like Charlotte Tilbury Beauty, BYREDO and Dr. Barbara Sturm 💪 Diversification in brands puts Puig ahead of the competition in navigating changing consumer preferences, crucial in the dynamic beauty market. 🏦 Dedication to Innovation - Feb 2024 saw the opening of Puig’s 2nd tower in Barcelona. This Hub has an Innovation Center with an area dedicated to applied innovation, prototyping and experiential technology in olfactory 🌟 The timing couldn't be better for Puig's IPO, showcasing the power of luxury &  innovation  in the current economic climate. More from Priya Rao @ The Business of Fashion here: https://lnkd.in/e_u96vsZ

#Puig the owner of brands such as Carolina Herrera and Rabanne plan to raise more than 2.5 billion euros in Spain's largest initial public offering in almost a decade. The family-owned company aims to sell 1.25 billion euros of new shares and an even larger amount of existing stock through the IPO. Puig said a public listing would align its corporate structure with that of other businesses in the premium beauty sector. The fashion and fragrance company controls 11% of the global high-end fragrance market. With recent acquisitions its exclusive skincare and makeup brands sold 4.3 billion euros of products last year, up 19% from 2022. The company said it will use the proceeds from the IPO to refinance recent acquisitions of additional ownership in the prestige fragrance label i.e. Byredo and expects to expand its presence in Asia Pacific and in the skincare wellness categories. I will be watching with interest how this unfolds with regards to their strategy and support for new brand acquisitions and their expansion in Asia Pacific and into new skincare categories. Please do share your thoughts and comments below. #puig #beautysector #newacquisitions #asiapacific #skincare

As one of the current most promising contenders to climb onto the "table" of the top ten global beauty and cosmetics giants, Puig Group is experiencing a milestone moment like never before. Today, the Spanish fragrance and beauty giant Puig officially announced its IPO, planning to raise at least 1.25 billion euros (approximately 9.795 billion yuan) through the initial public offering, followed by a "larger-scale" secondary offering to raise a total amount exceeding 2.5 billion euros (approximately 19.59 billion yuan). In terms of valuation, bankers estimate the 110-year-old company to be valued between 8 billion euros and 10 billion euros (approximately 62.687 billion yuan to 78.359 billion yuan). It is worth mentioning that Puig Group experienced rapid growth in 2023, with net revenues reaching 4.3 billion euros (approximately 33.694 billion yuan). Regarding this IPO, Marc Puig, Chairman and CEO of Puig Group, stated, "We believe that becoming a public company will align our corporate structure with the top-tier family businesses in the global luxury beauty industry, while helping us attract and retain talent to support our growth strategies for our brands and product portfolio." Therefore, as one of the few remaining unlisted beauty giants at present, Puig Group's announcement of its listing plan signals what kind of market signal? What new story will it bring to the global beauty market? 文章来自《青眼》

Puig confirm rumoured €2.5bn IPO. The Spanish fashion & fragrance giant have today announced their intention to go public. The planned IPO, to be listed on Barcelona, Madrid, Bilbao, and Valencia Stock Exchanges, will consist of new share issuances, along with existing shares from the majority shareholder, Puig. Goldman Sachs and JP Morgan SE will serve as joint global coordinators and bookrunners, with the National Securities Market Commission (CNMV) already underway. In a release, CEO, Mark Puig, commented: "Today’s announcement is a decisive step in Puig’s 110-year history." "Thanks to our strategy of building up a portfolio of owned brands, focusing on prestige products and expanding our leadership in niche fragrances, makeup and dermo-cosmetics, Puig has consistently delivered strong profitable growth." "We believe that the balance of being a family-owned company that is also subject to market accountability will allow us to better compete in the international beauty market during the next phase of the Company’s development." "Additionally, we believe that becoming a publicly listed company will align our corporate structure with those of best-in-class, family-owned companies in the premium beauty sector globally, help us to attract and retain talent, and support the growth strategy of our brands and portfolio." #PUIG #Fashion #JPMorgan #GoldmanSachs #Fragrance #IPO #Spain #Finance

I cannot believe it's June already : what an interesting few months across BEAUTY, WELLNESS & LIFESTYLE defined by an industry continuing to adapt and evolve to new consumer behaviors and market conditions, driving more consolidation and creativity in capital solutions. With large ➡️ private - to - public and ↩️ public - to - private consumer deals continuing to dominate headlines as we enter the end of H1, what are we thinking.... 🔜 BELIEVING macro confidence will continue to grow through the summer and that the high-value M&A activity in consumer markets that 2024 has featured so far will create a ripple effect… 🔜 KNOWING consumer M&A remains a powerful - and essential - lever to transform businesses, accelerate growth, and give companies a competitive edge as they face tomorrow’s landscape. 🔜 ANTICIPATING on the one hand, more transactions aimed at deleveraging to strengthen balance sheets and sharpen focus... 🔜 ...and on the other, more bolt-on or synergistic deals aimed at gaining access to new products, channels, or markets, or acquiring key capabilities. 🔜 EXPECTING the most successful strategic players to develop a hybrid deal approach that balances growth and margin expansion, coupling investments in small, high-growth brands to enter attractive long-term categories with portfolio consolidation acquisitions to drive the bottom line in core categories. 🔜 CONVINCED that flexibility and creativity in deal structures will remain crucial and that the success of consumer M&A ahead requires integration tailored to the detailed thesis of each specific transaction... 🔜 ASKING what other shifts in the industry you’ve observed recently and how you think these developments will continue to shape the future landscape of consumer M&A? #growthequity #entrepreneurship #growthcapital #consumerbrands #beauty #wellness #consciousliving #businessbuilding #socialcommerce #investing #cpgbrands

Blackstone bid for Skin-Care Company L’Occitane is ON HOLD right now and unconfirmed information from Asia suggests that the cosmetics group listed in Hong Kong would have been withdrawn from the Stock Exchange. In our humble opinion and if the information were to be confirmed, it will only be postponed pending a significant improvement in the group's key ratios under the direction of the new general manager recently hired. This is the second attempt in less than 6 months and demonstrates the interest of potential investors despite the mistakes made by various investment funds when acquiring similar companies. The RISK factors observed to date during preliminary due diligence would be: 1- The considerable debt ratio of the group. 2- The decrease in operating income projected as of 31/3/2024 3- The drop in net income projected as of March 31, 2024 4- Sluggish growth of the L'Occitane brand despite considerable increase in sales and insufficient financial performance. 5- The performance of the SHOPS network is linked to new store openings and insufficient organic growth. 6- Lack of response to the SPIN OFF of Sol de Janeiro proposed by certain minority shareholders. This brand contributes significantly to the explosion in the group's consolidated sales and to its operational results as of 31/3/2024. 7- In the short term and if the information were to be confirmed, a DROP in the share price should be expected because speculators who thought they smelled a quick opportunity will offload their shares. 8- Becoming PRIVATE again is the only alternative to exiting the Hong Kong stock exchange for the L'Occitane group.

Let’s talk about MONEY: as June begins we take a moment to recap on M&A activity across BEAUTY, WELLNESS & LIFESTYLE since our last check-in earlier this year. Even with the inherent resilience of our sectors, the industry continues to adapt and evolve to new consumer behaviours and market conditions, driving more consolidation and more creativity in capital solutions... ⬇️ 11 FEB: TOD'S to go private with L Catterton offering to acquire a 36% stake valuing the company at just over €1.4Bn ⬇️ 11 MAR: STYLE CAPITAL SGR S.p.A. to acquire a 50.2% stake in Italian sneaker brand Autry ⬇️ 03 APR: Dermatology category leader Galderma completes largest IPO on a global level in Q1 ⬇️ 26 APR: L Catterton acquires majority stake in KIKO MILANO from the founding Percassi family, with the deal estimated to value the company at $1.5Bn ⬇️ 30 APR: L’OCCITANE Group skincare group set to go private in a deal that gives it an EV of €6.4Bn ⬇️ 03 MAY: Puig begins trading on the Spanish Stock Exchanges in €2.6Bn IPO   #growthequity #entrepreneurship #growthcapital #consumerbrands #beauty #wellness #consciousliving #businessbuilding #socialcommerce #investing #cpgbrands