Marc Anthony raises $242 mln from IPO, greenshoe to come
MAV Beauty Brands Inc, the holding company for Toronto-based beauty specialist Marc Anthony Cosmetics Inc, has closed its initial public offering in Canada. The company raised about $242 million in treasury and secondary proceeds. As reported last month by PE Hub Canada, the IPO’s forthcoming greenshoe option could bring total proceeds to as much as $278 million. Marc Anthony's common shares will begin trading today on the Toronto Stock Exchange under the symbol MAV. Founded in 1995 and led by Marc Anthony Venere, Marc Anthony develops, markets and distributes hair-care and body-care products. It was acquired in 2016 by U.S. private equity firm TA Associates.
10 July 2018•3 mins read
