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Princes Tuna and Napolina Firm Plots London IPO
New Princes aims to raise significant funds through the IPO to support growth and boost the London Stock Exchange, which has seen few major listings recently.
- New Princes, owned by Italian food company Newlat, intends to float Princes Group on the London Stock Exchange Main Market, expected to be valued at 1.5 billion, with New Princes remaining majority shareholder.
- Following the merger and rebrand into New Princes Group, Newlat said `A potential IPO may provide a tangible opportunity to fully drive the growth potential of the food & drinks business, while also enabling the business to secure additional financial resources to accelerate its external growth strategy`.
- Financial disclosures show pro forma revenues of 2.1 billion in the year to 31 December 2024 with pro forma adjusted EBITDA of 122.3 million, and 964.2 million revenue with 71.0 million EBITDA to June 30.
- Sky News reported New Princes was applying finishing touches on Thursday, City sources said a statement was likely on Friday morning, and The Sunday Times reported the IPO would target retail investors.
- BNP Paribas and Peel Hunt are leading the deal with Unicredit and Rabobank involved, while directors plan to use proceeds for M&A as New Princes remains majority shareholder.
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Evening StandardReposted by 
The Independent
The IndependentPrinces Tuna and Napolina firm plots London IPO
Liverpool-based Princes Group sells nearly a billion cans of food each year.
·London, United Kingdom
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Sky News UK+2 Reposted by 2 other sources
Tinned tuna-owner Princes to unveil £1.5bn London float
The food producer bought from Japan's Mitsubishi last year is expected to issue an announcement about its plan to list in London as early as Friday morning, Sky News learns.
·United Kingdom
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Princes, Liverpool tuna and food giant, plans London IPO – Northern Financial Review
Princes Group, the Liverpool-based international food and beverage giant, has announced plans for a listing on the main market of the London Stock Exchange that could value the firm at up to £1.5 billion. Princes Group, owned by Italian food firm Newlat, is best known for its Princes Tuna and Napolina brands, but also owns Crisp N Dry and licenses brands including Branston, Batchelors and Flora. Its headquarters are located in Liverpool’s Royal …
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Total News Sources11
Leaning Left2Leaning Right0Center2Last UpdatedBias Distribution50% Left, 50% Center
Bias Distribution
- 50% of the sources lean Left, 50% of the sources are Center
50% Center
L 50%
C 50%
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