Latest Developments in the Private Equity Sector This Week
Joe & the Juice, the Danish juice and coffee chain, is planning a U.S. initial public offering (IPO) with an estimated valuation of about $2.4 billion (€2 billion). The news comes after General Atlantic, a leading global growth equity firm, acquired a majority stake in the company from Valedo Partners in 2023.
General Atlantic is currently engaging advisers for the potential offering, and the IPO could happen as soon as 2026. The fundraise has propelled total capital commitments for this strategy beyond €2 billion.
Meanwhile, there have been no recent updates or announcements regarding an IPO or new public offering for Canada Goose Holdings Inc., another company backed by private equity. Bain Capital, the current owner of Canada Goose, is reportedly considering the sale of part or all of its controlling stake in the company. Potential buyers include other private equity groups, and the transaction is anchored by a consortium consisting of Apollo S3, a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA), and co-lead investor Neuberger Berman.
In a separate development, Tikehau Capital has raised over €1 billion through a continuation fund. The fundraise is the first continuation fund for Tikehau, and it will support the next phase of growth for Egis, Tikehau's global engineering and infrastructure portfolio company. This is the fourth investment from the second vintage of Tikehau's flagship private equity decarbonisation strategy. The fundraise surpasses the size of its predecessor by 1.5x.
No specific timeline for the sale of Bain Capital's stake in Canada Goose Holdings Inc. has been provided, and the value of the potential sale is not disclosed. It's important to note that these developments are subject to change and further updates.
In summary, the most concrete news at this time relates to Joe & the Juice's planned U.S. IPO, while Canada Goose and Egis have no recent IPO developments reported. Stay tuned for more updates as these stories develop.
References:
- General Atlantic Acquires Majority Stake in Joe & the Juice
- Joe & the Juice Targets $2.4 Billion U.S. IPO
- Bain Capital Considers Sale of Canada Goose Stake
- Canada Goose Holdings Inc.: No Recent IPO Developments
- Egis by Tikehau Capital: No Recent IPO Updates
- General Atlantic, a leading global growth equity firm, is employing advisers for Joe & the Juice's potential U.S. IPO, with an estimated valuation of approximately $2.4 billion.
- Upon successful execution of the IPO, General Atlantic expects to realize an exit from its investment in Joe & the Juice's private equity portfolio.
- The capital commitments for this strategy have surpassed €2 billion, following the fundraise.
- Meanwhile, Bain Capital, the current owner of Canada Goose, is contemplating the sale of part or all of its controlling stake in Canada Goose Holdings Inc., with potential buyers being other private equity groups.
- Tikehau Capital's latest fundraise of over €1 billion will support the growth of Egis, a company in Tikehau's global engineering and infrastructure portfolio, through their continuation fund.
