Peel Hunt is proud to have supported Princes Group in its IPO on the London Stock Exchange this morning.
This landmark transaction, the largest UK IPO since 2021, marks a further boost for the UK’s IPO market and underscores Peel Hunt’s experience in delivering exceptional outcomes for clients.
The IPO has raised £420m of primary proceeds (comprising a £400m base deal and up to an additional £20m greenshoe) at a market capitalisation in excess of £1.1bn.
Peel Hunt acted as Joint Global Co-Ordinator and Bookrunner for Princes Group on their admission to the ESCC category of the London Stock Exchange’s Main Market.
Princes Group is one of the UK and Europe’s leading food and drink companies, dating back over 140 years, and is home to household names including Napolina, Branston Baked Beans and of course the iconic Princes Tuna.
It has been a pleasure to work with the Princes Group team and we look forward to the next chapters of growth for this unique business.
Princes Group Chief Executive, Simon Harrison, said: “Peel Hunt have been a fantastic partner to us throughout this process and their deep knowledge of UK capital markets has shone through.”
Steven Fine, Chief Executive of Peel Hunt, said: “The Princes Group team and the Mastrolia Family have built an outstanding business with a bright future, and we are thrilled to have helped them on this step in their journey to listing in London.”
Peel Hunt Team: James Thomlinson, Brian Hanratty, Sohail Akbar, Andrew Clark, Nicolas Wilks, Finn Nugent, Ella Hastings, Nicola Smith, Charles Hall, Andrew Ford.
