TA Associates-backed Marc Anthony files Canadian IPO
MAV Beauty Brands Inc, the holding company for Toronto-based beauty specialist Marc Anthony Cosmetics Inc, has filed a preliminary prospectus with Canadian securities regulators for an initial public offering of common shares. The IPO has not yet been priced; however, Bloomberg earlier reported the company is looking to raise as much as $250 million. The IPO will include a treasury offering by MAV and a secondary offering by TA Associates, which acquired the company in 2016, as well as President and CEO Marc Anthony Venere and the Redmond Family. CIBC Capital Markets, RBC Capital Markets and Jefferies Securities are the joint bookrunners.
22 May 2018•3 mins read
