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New Look confirms IPO
Tuesday February 2nd 2010
New Look has outlined its plans to float on the London Stock Exchange seeking funds to continue expansion.
It will seek to raise about £650m from a primary offering ‘to be used to de-leverage the balance sheet so as to provide New Look with the flexibility to fund its continued growth.’
New Look was taken private in 2004 for £699m by founder Tom Singh and private equity firms Permira and Apax. Since then its new owners have invested around £450 million in the business.
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