COPENHAGEN, March 30 (Reuters) - Norwegian brand
developer and distributor Jordanes is considering an initial
public offering (IPO) before the end of this year on the Oslo
Stock Exchange, the company said on Thursday.
The company was started in 2007, and has since developed a
portfolio of more than 30 brands in the food, casual dining and
fitness and beauty businesses.
Jordanes also counts a fourth business area with its
distribution of international brands such as Starbucks, Scholl
and Zendium.
A potential listing is expected to raise new equity for the
company's growth initiatives, including further acquisitions.
Jordanes' operation has more than 2,400 employees across the
Scandinavian countries, Britain and the Baltics, and counts 10
production facilities in Norway, Sweden and Denmark.
Carnegie, DNB Markets, Berenberg and SpareBank 1 Markets
were named joint global coordinators and bookrunners, while
Houlihan Lokey acts as an independent financial advisor,
Jordanes said.
(Reporting by Louise Breusch Rasmussen, editing by Terje
Solsvik)
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