Jimmy Choo defies market turmoil by avoiding syndicate ‘insanity’

Bankers this week heralded the success of Jimmy Choo’s initial public offering, which was priced in the depths of a highly volatile equity market, as vindication of the lean syndicate model. Some hoped it would bring an end to the bulging bank groups branded insane by one financier.
A single institution – Bank of America Merrill Lynch – led the British luxury shoe and accessory firm's deal as global co-ordinator, while HSBC was joint bookrunner and BHF Bank co-lead manager.
That by itself isn't unusual for what was a small-ish deal of £140m. Indeed, out of the ...Already a subscriber? Login