Princes Group, a prominent player in the UK and European food and beverage sector, has announced its intention to pursue an initial public offering (IPO) on the Main Market of the London Stock Exchange.
The company, boasting a portfolio of well-known brands, aims to leverage the IPO to accelerate its growth strategy and expand its market reach.
The group generated pro-forma revenue of £2.1 billion in the year ending December 31, 2024. Adjusted EBITDA reached £122.3 million, reflecting a margin of 6.0%.
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Recent performance shows improved profitability, with pro-forma adjusted EBITDA of £71.0 million at a 7.4% margin on revenues of £964.2 million for the six months ending June 30, 2025.
This improved profitability reflects the cost, commercial and operational synergies realized following its acquisition by NewPrinces S.p.A. in July 2024.
The company plans to conditionally acquire Symington’s Limited, Newlat GmbH, and Princes France S.A.S. prior to the IPO, further consolidating its market position.
The IPO proceeds are earmarked for strategic acquisitions, product portfolio expansion, and international growth. Princes Group has a history of growth through acquisitions and intends to continue this strategy, targeting companies that align with its acquisition criteria.
The potential listing of Princes Group on the London Stock Exchange could generate significant interest from investors seeking exposure to the stable and growing food and beverage sector.
CEO Simon Harrison stated, “A listing on the London Stock Exchange is a natural next step in our journey…it will provide a platform to accelerate growth by expanding our product portfolio and expertise, extending our international reach, and attracting top talent as we continue building for the future.”
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