The Carlyle Group said that it is planning to stafe an initial public offering for the Italian producer of high-end sportswear Moncler in about a year. However, before floating the business on the stock exchange, the private equity company is interested in buying another brand with annual sales of up to €100 million to add it to the company.
Carlyle bought a 48 percent stake in Moncler in 2008 from a group of investors in a deal that valued the company at more than €400 million. In 2009, Moncler increased ITS sales by 23-25 percent to €370-375 million and is expected to further boost revenues this year.
The Moncler group owns the brands Moncler, Henry Cotton’s, Marina Yachting and Coast, Weber & Ahaus (CWA). It also holds a license for Cerruti 1881.