Hygiene-products producer Ontex has returned to the stock market.
The company now has a public listing on the Euronext exchange and is being valued at €1.23 billion.
Ontex owners TPG and Goldman Sachs placed a final IPO price of €18 per share for the company.
The listing will raise €325 million for the firm with the funds being used to reduce company debt.
The private equity groups will retain its 45.1% stake in Ontex while its previous and current management will retain an additional 6.3% stake.
Ontex was looking to grow both organically and through acquisitions, the Ontext chief executive CEO Charles Bouaziz.
He revealed how the company plans to acquire businesses with annual revenues of up to €200 million. Future acquisitions will involve branded businesses and growth markets.
Ontex obtains around 50% of its annual €1.5 billion revenue from nappies sales, around 33% from incontinence products, and about 13% from sanitary products.
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