Jimmy Choo defies market turmoil by avoiding syndicate ‘insanity’

choo shoe
By Olivier Holmey
23 Oct 2014

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 ...

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