Bridgepoint-backed Smyk files IPO prospectus
Bridgepoint portfolio company Smyk Holding, a Poland-based children's apparel and toy retailer, has filed an IPO prospectus with the financial supervisory authority.
The filing was posted on the Polish regulator's website on 10 August, indicating the issue prospectus was filed on 24 July.
No final decision about a public offering, its structure or timing has yet been taken, a Bridgepoint spokesperson told Unquote.
The GP acquired Smyk in a €247m deal from former owner Empik Media & Fashion in January 2016. The company has a network of 179 specialised stores in Poland, Romania and Ukraine.
According to Unquote sister publication Debtwire, Pekao provided a €100m senior debt package, a €68.28m rolling credit facility and a €11.38m capex facility for the transaction. As part of the deal, Cornerstone Partners of Poland took a minority stake in the company.
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