Overview
- Princes Group filed a registration document and confirmed plans to list on the London Stock Exchange’s Main Market.
- The IPO will consist of new shares to fund inorganic growth, with the owner stating it will keep a majority stake and not sell existing shares.
- Media reports indicate an expected valuation of around £1.5bn, and a person familiar with the process says the offer could raise about £400m.
- Reported banks on the deal include BNP Paribas and Peel Hunt, with UniCredit and Rabobank also said to be involved.
- The business reported £2.1bn in 2024 revenue and £964m in the first half of 2025, employs about 7,800 people, and owns brands such as Princes and Napolina across 23 factories and 21 warehouses.