Kathmandu to float

14 October 2009

Outdoor clothing retailer Kathmandu is reportedly expected to float before Christmas, with owners, Goldman Sachs JBWere and Quadrant Private Equity, likely to sell at least 75 per cent of the firm.

They are reportedly seeking a valuation of about NZ$450 million (around A$370 million).
The float's lead managers Goldman Sachs JBWere and Macquarie have reportedly confirmed upwards of three-quarters of the shares are likely to be sold in Australia, where listed companies typically attract higher valuations.

Kathmandu has 84 stores, of which 45 are in Australia and 32 in New Zealand.

 

 

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