Samsonite prepares for secondary heavy IPO

22 Feb 2011

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 transaction. Goldman Sachs and HSBC are understood to be the joint sponsors, joined by the remaining three as joint bookrunners.

The issuer is keen to get the deal done as quickly as ...

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