Samsonite mandates bankers for secondary heavy $1bn IPO
Samsonite and majority owner CVC Capital Partners have mandated five banks to lead the luggage company’s Hong Kong IPO later this year. The deal could be worth around $1bn and is likely to mainly take the form of a secondary sale by the private equity firm.
Goldman Sachs, HSBC, Morgan Stanley, Royal Bank of Scotland and UBS have all won mandates on the deal. Goldman Sachs and HSBC are understood to be the joint sponsors, while the remainder are joint bookrunners.
The issuer is keen to get the deal done as quickly as possible, but
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