OVS Will Visit Milan Stock Exchange.

Italy

OVS SpA landing in March 2nd

The issuing price of the stock exchange is 4.10 euros, and the market value will reach 931 million Ouyuan at the issue price. The company will issue 101 million shares publicly, accounting for 44.5% of the issued share capital, of which 87 million shares are issued.

Banca IMI SpA, BofA Merrill Lynch

Goldman, Sachs International, and UniCredit Corporate & Investment Banking are the global underwriter coordinators of OVS SpA IPO.

Nikos Stathopoulos, OVS SpA's real holding company and BC Partners Ltd. management partner of private equity fund, expressed its excitement for IPO of OVS, calling it one of Italy's leading enterprises and expressing strong investor willingness to subscribe.

According to the prospectus of OVS SpA, the company sold 1 billion 130 million euros in the 2013 fiscal year as of January 31, 2014, and EBITDA recorded 132 million euros; in the first 9 months of October 31, 2014 2014 fiscal year, the company's net income rose 7.4% to 998 million 300 thousand euros, compared with 877 million euros in the same period last year. In the three quarter of 2014 fiscal year, the company's EBITDA was 102 million euros, an increase over the same period last year, with a net loss of euro, but the company's chief executive, Stefano Beraldo, said it expects to make a profit all year round.

OVS SpA owns retail brands OVS Industry and mid end chain corporation Upim.

OVS Industry operates about 774 stores, 133 of which are located outside Italy.

Its parent company Gruppo Coin SpA also owns high-end department stores Coin and Excelsior, as well as children's wear brand Iana, Gruppo Coin SpA sold 1 billion 660 million euros in 2013, an annual growth of 0.6%.

BC Partners Ltd. in 2011 to 6.5 euros per share, a total of 644 million 600 thousand euros, equivalent to 7 times EBITDA from France's largest private equity fund PAI Partners SAS acquired all of its Gruppo Coin SpA 69.3% equity interest, and spent 87 million 800 thousand euros to Gruppo Gruppo and its management to purchase 9.4% additional shares, so that the valuation of 1 billion 400 million yuan.

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Mack Weldon was founded in 2012 by Brian Berger and Michael Isaacman in New York. The former has rich experience in digital field. The latter has 25 years of experience in garment industry, and has served in famous brands such as Ralph Lauren, Tommy Hilfiger and Rocawear.

The two are determined to combine the fine quality of advanced clothing with advanced technology, reshape the men's basic costume and emphasize the quality of life.

As Brian Berger of CEO said, the idea of creating the brand came from its frustrating experience in buying underwear and socks. The style and quality of this product are always erratic, and men want to keep a close watch on their favorite products.

In two years, Mack Weldon has been developing smoothly, achieving 200% of total revenue and user growth in 2014, with 50 thousand customers and a very high repeat purchase rate.

According to the official announcement, the investor of this financing has seed investors, including RiverPark Ventures, Bridge Investments and Lyrical Partners.

In addition, the former CEO Howard Socol of New York luxury department store Barneys and J. Crew will also join the board of directors as a strategic consultant.

The financing will be used to further product innovation, test new sales channels, expand market size, and optimize e-commerce and mobile platforms.

In addition, Mack Weldon also plans to enhance brand awareness through cooperation with third parties.