Carlyle to list Hunkemöller in Q2

The listing on Euronext Amsterdam is expected to take place in May or June and could achieve an enterprise value of close to €1bn, according to the report.

Carlyle acquired the company for an enterprise value of approximately €440m in December 2015, drawing equity from the €3.75bn Carlyle Europe Partners IV fund.

The GP purchased the business from French buyout firm PAI Partners, which had carved out the business from Maxeda Retail Group in November 2010. Bain Capital provided mezzanine financing for the primary buyout.

Founded in 1886, Hunkemöller is a high-street lingerie retailer. Headquartered in Hilversum, the business is mainly active in the Benelux region but operates an 800-strong store network across 24 countries. The company employs approximately 3,000 staff.

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• Topics
• Exits
• Benelux
• Consumer
• Carlyle Group
• IPO
• Netherlands