Marazzi, the Italian tile maker, is expected to IPO in February with a market value of up to EUR 1.25bn. The company is owned by the Marazzi family and Permira, which holds a 33% interest in the firm. The family is expected to hold around 50% of the company’s shares following the flotation, which is being run by Morgan Stanley and Mediobanca. Shares are expected to start trading on 15 February at EUR 10.25-13 each.
While 2019-2020 saw DBAG's NAV fall by 5.8%, the GP expects to increase PE investments in the coming years
Startup was founded last year and has reportedly raised $8.2m so far
Kinnevik joins new investors Piton Capital, BurdaPrincipal Investments and VNV Global
France-based telemedicine startup intends to use the fresh capital to expand its domestic presence