Tamburi's Roche-Bobois announces IPO price range

The initial public offering will be carried out via the sale of 10% of the share capital (11.5% if the overallotment option is fully exercised).

The offering amount is €21.76m, via the sale of existing shares, which may be increased to €25.02m, in case the overallotment option was fully exercised.

Roche-Bobois has priced its IPO on Euronext Paris between €19.75-24.30 per share. The offering period will be from 26 June to 5 July 2018 inclusive for the open price offer and 26 June to 6 July for the global placement.

The Chouchan family has de-invested via its Familiale J-ELC holding; Jean-Éric Chouchan sold some of his shares and Tamburi will sell some shares acquired via the TXR fund.

The two founding families, Roche and Chouchan, will remain the majority shareholders after the transaction.

Tamburi Investment Partners, via its TXR fund, previously owned 20% of Roche-Bobois Group.

Founded in 1960 and based in Paris, Roche-Bobois is a high-end furniture retail specialist whose distribution network includes stores and franchises (329 stores across 54 countries).

The group posted retail sales of €480m in 2017, to which sub-brands Roche-Bobois contributed €388m and Cuir Center €92m. Consolidated Group revenues amounted to €249m in 2017, with current EBITDA of €21m (current EBITDA margin of 8.5%).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Exits
• France
• Consumer
• France
• IPO