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Lucas Bols to launch Amsterdam IPO
By Melita KielyPrivately owned Dutch spirits company Lucas Bols is planning to list its shares on the Amsterdam stock exchange, in a bid to raise approximately €125 million (£98m).
Lucas Bols plans to launch an IPO on the Amsterdam stock exchangeThe 440-year-old company, whose portfolio includes Bols Liqueur and Bols Genever, has revealed it plans to launch an Initial Public Offering (IPO) on Euronext Amsterdam “in the near future”.
The money will be used to “refinance the company and further strengthen its financial position” by leveraging the repayments of the business’ outstanding debt, with a goal of achieving a leverage of three times EBITDA upon listing.
“We see the intended IPO as a logical next step in the development of our company,” commented Huub van Doorne, CEO of Lucas Bols. “After our buy-out in 2006, we have developed strong market positions in Western Europe and North America and a significant presence in Asia-Pacific and emerging markets.
“Our innovative marketing approach to optimise the brand portfolio creates valuable brand ambassadors around the world.
“Our current main shareholder AAC Capital has supported us in our strategy to focus on brand building and innovation.
“The company is now fully prepared for a standalone future with an enhanced capital markets profile to support our international growth strategy. We look forward to this next step in our development.”
Lucas Bols was acquired by Rémy Cointreau in 2000 before a buyout in 2006 led by van Doorne with backing from AAC Capital.
Last year, the firm celebrated the 350th anniversary of Bols Genever with the opening of a new distillery in Amsterdam.