Golden Goose takes next steps in Milan IPO listing
Permira-backed Golden Goose, renowned for its distressed trainers, has taken the next step toward listing an IPO in Milan by naming Bank of America, JPMorgan and Mediobanca as joint global coordinators.
The public listing of the private equity group’s Italian luxury sports shoe brand Golden Goose could come as soon as the first half of 2024, according to five sources.
The banks could be joined by others in leading roles on the deal as Permira prepares to list Golden Goose, as reported by The Financial Times.
Golden Goose’s initial public offering, one of the most anticipated in Europe, is expected to value the company at roughly £2.6 billion (€3 billion), according to one of the sources.
Investment bankers at Lazard are advising Permira on the IPO process, however, it has been cautioned that the plans are still subject to change.
Permira bought the company, which was founded in Venice by husband-and-wife duo Alessandro Gallo and Francesca Rinaldo 23 years ago, in 2020 from rival Carlyle for approximately £1.1 billion (€1.3 billion). Golden Goose said last week its revenues had risen 16% in the third quarter to £125 million (€145 million), while adjusted profit was up by 18% over the same period.
