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Princes Group heads for London listing as M&A opportunities eyed
Yahoo Finance· 2025-10-03 17:11
Core Viewpoint - Princes Group plans to list on the London Stock Exchange to access capital for M&A ambitions and accelerate growth [1][2] Group Overview - Princes Group is part of Italy's NewPrinces and aims to raise approximately £400 million ($537.9 million) from the IPO [2] - The company was acquired from Mitsubishi Corp. for £700 million in May last year and subsequently rebranded as NewPrinces [3] Financial Performance - Princes Group reported pro-forma revenues of £2.1 billion and adjusted EBITDA of £122.3 million for the year ending December 31 [5] - For the first half of fiscal 2025, pro-forma revenue was £964.2 million with adjusted EBITDA of £71 million [5] Business Strategy - The UK is identified as the largest market for Princes Group, with a focus on expanding product portfolio and international reach [4] - The company operates in five divisions: food, fish, Italian products, cooking oils, and drinks, featuring brands like Princes, Napolina, Delverde, and Naked Noodle [6] - Princes Group is actively pursuing M&A opportunities to unlock new geographies and diversify its operations [4]