Newlat Food is preparing for a potential £700 million IPO in London following its acquisition of Princes Foods, aiming to leverage growth opportunities in the Italian food sector.

Target Information

Newlat Food, an Italian food group, is poised for a potential stock market listing in London, valued at £700 million, following its recent acquisition of Princes Foods in 2023. As part of this initiative, Newlat has appointed BNP Paribas and Peel Hunt as lead advisers, with additional involvement from Unicredit and Rabobank. The newly formed New Princes business will feature a robust portfolio of consumer staples, which includes popular products such as canned fish, soft drinks, fruit products, and Flora-branded sunflower oil.

This proposed Initial Public Offering (IPO) would provide a significant opportunity for the London Stock Exchange, which has witnessed a decline in prominent listings in recent years. Following the acquisition from Japan's Mitsubishi Corporation for the same £700 million, Newlat has made notable strides in integrating the Princes brand, describing the process as being ahead of schedule.

Industry Overview

The food and beverage industry in Italy is a vital component of the country's economy, representing a sector characterized by a rich heritage and a commitment to quality. Italy's food industry benefits from a globally recognized