Norwegian brand developer and distributor Jordanes considers IPO

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.

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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

Our Standards: The Thomson Reuters Trust Principles.

source: reuters.com


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