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Lucas Bols Targets $147 Million IPO

January 9, 2015

Dutch distiller Lucas Bols Holding BV has announced plans to go public, with an upcoming IPO on the Amsterdam stock exchange expected to raise €125 million ($147m). According to the company, proceeds from the IPO will primarily be used to refinance debt and strengthen its financial position. Details on the IPO’s timeframe and the amount of shares to be listed were undisclosed.

Lucas Bols is led by CEO Huub van Doorne, who partnered with AAC Capital to acquire the company from Rémy Cointreau in 2006 for about $250 million. In a statement, van Doorne described the IPO as “a logical next step” for the company, which has strengthened its international reach throughout Western Europe, North America, Asia-Pacific and emerging markets since going independent. Lucas Bols posted sales of €79 million ($93m) and EBIT of €22 million ($26m) in its fiscal year through last March, with North America accounting for 18% of revenue.

Established in Amsterdam in 1575, Lucas Bols has a portfolio that includes more than 20 brands distributed across 110 countries. The group’s flagship Bols liqueur range currently sells around 1.5 million cases globally, making it the eighth-largest liqueur brand worldwide, according to Impact Databank.

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