CVC plans Matas listing

The IPO would value the company at approximately DKK 6bn ($1bn), according to reports. It will be the first listing on the Nasdaq OMX Copenhagen stock exchange since 2011.

The IPO will include the partial sale of existing shares by the company's two majority shareholders, CVC and Materialisternes Invest ApS. The firms acquired Matas in 2007.

Nordea Bank and Morgan Stanley will be bookrunners and global coordinators on the transaction. SEB, Danske Bank and Carnegie Investment Bank will act as co-lead managers.

Matas is a Danish health and beauty retailer with a network of 293 stores, including 258 owned and operated by the company itself.

Matas posted a turnover of DKK 3.2bn in the most recent financial year. Adjusted profit after tax rose by 20% to DKK 336m.

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• Topics
• Nordics
• Exits
• Denmark
• CVC Capital Partners Ltd
• IPO