THIS ANNOUNCEMENT IS NOT TO BE PUBLISHED O DISTRIBUTED, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES, AUSTRALIA,
CANADA AND JAPAN. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF SECURITIES FOR SALE OR SUBSCRIBE IN THE
UNITED STATES AND IN ALL THE OTHER COUNTRIES. THE SECURITIES REFERRED TO IN THIS ANNOUNCEMENT MAY NOT BE
OFFERED, SUBSCIBED OR SOLD IN THE UNITED STATES ABSENT REGISTRATION UNDER THE US SECURITIES ACT OF 1933, AS
AMENDED ("US SECURITIES ACT"), OR AN APPLICABLE EXEMPTION FROM THE REGISTRATION APPLICABLE UNDER THE US
SECURITIES ACT. THE SECURITIES OF ROCHE BOBOIS REFERRED TO IN THIS ANNOUNCEMENT WILL NOT BE REGISTERED UNDER
THE US SECURITIES ACT.
ROCHE BOBOIS - PARIS
FILED THE APPLICATION FOR ADMISSION TO TRADING
Tamburi Investment Partners S.p.A. ("TIP" - MI) independent investment / merchant bank listed on the STAR segment of Borsa Italiana announces that its participated company Roche Bobois submitted to the French competent authorities (AMF - Autoritè des Marches Financiers) the application for admission to trading of its shares.
Founded in 1960 Roche Bobois ("RB") is one of the most important group worldwide in the production, distribution and sale of high-end furniture products, located in 54 countries, with aggregated revenues of approximately Euro 480 million and consolidated revenues of approximately Euro 249 million (calculated according to IAS-IFRS), 329 shops, of which one third directly managed and the others in franchising, located in luxury or prestigious commercial areas in the most important cities worldwide.
The Group, controlled since the beginning by Roche and Chouchan families, achieved approximately 85% of the aggregated revenues with Roche Bobois branded products (Euro 388 million) and the residual part with the mid level brand Cuir Center. Roche Bobois's original collections are often signed by designers and/or architects of great success like Jean Paul Gaultier, Maison Christian Lacroix, Ora Ito, Christophe Delcourt, Kenzo Takada, Stephen Burks, Sacha Lakic, Luigi Gorgoni and others.
The IPO project was conceived to combine a solid story of profitable growth and cash generation, to support the ambition of acceleration of the international development, with the target to achieve in 2021 consolidated revenues amounting to Euro 320 million, as well as to allow certain shareholders to lighten their participations.
The development plan to 2021 includes 39 new shop openings (net of any closing) in strategic areas not yet adequately covered, mainly in the US, where Roche Bobois is the second European brand in the sector.
In 2017 RB forecasted a consolidated Ebitda, to be calculated according to French GAAP, amounting to approximately Euro 29 million; upon completion of the transition to IAS-IFRS which, as well known,
have a relevant impact in the retail sector, the consolidated Ebitda presented in the financial statements amount to approximately Euro 21 million, with a net financial position - at December 31, 2017 - positive.
TIP owns, via TXR Srl - a 51% subsidiary - approximately 39% of the share capital of RB, having acquired a first stake in 2013 subsequently increased.
Milan, June 6, 2018
TIP - TAMBURI INVESTMENT PARTNERS S.P.A. IS AN INDEPENDENT AND DIVERSIFIED INVESTMENT / MERCHANT BANK WITH THAT SO
FAR INVESTED, AMONG DIRECT DEALS AND CLUB DEALS, ABOUT 3.0 BILLION EURO IN "EXCELLENT" COMPANIES FROM AN
ENTREPRENEURIAL POINT OF VIEW AND IS ENGAGED IN CORPORATE FINANCE ACTIVITIES. CURRENTLY HAS IN PORTFOLIO,
DIRECTLY OR INDIRECTLY, INVESTMENTS IN LISTED AND UNLISTED COMPANIES INCLUDING: ALKEMY, ALPITOUR, AMPLIFON, ASSET
ITALIA, AZIMUT BENETTI, BE, BETA UTENSILI, CHIORINO, DEDALUS, DIGITAL MAGICS, EATALY, FCA, FERRARI, FURLA, HUGO BOSS,
IGUZZINI, INTERPUMP, MONCLER, MONRIF, OCTO TELEMATICS, PRYSMIAN, ROCHE BOBOIS, SERVIZI ITALIA, TALENT GARDEN,
TELESIA AND TIPO.
Contacts: Alessandra Gritti CEO - Investor Relator
Tel. 02 8858801 mail:gritti@tamburi.it
This press release is also available on the company's web sitewww.tipspa.it and disclosed by 1Info SDIR and 1Info Storage system(www.1info.it).
IMPORTANT NOTICE
THIS ANNOUNCEMENT IS NOT A PROSPECTUS WITHIN THE MEANING OF DIRECTIVE 2003/71/EC OF THE EUROPEAN PARLIAMENT
AND OF THE COUNCIL OF NOVEMBER 4TH, 2003, AS AMENDED, IN PARTICULAR BY DIRECTIVE 2010/73/UE AND OF THE COUNCIL
OF NOVEMBER 24th, 2010 (TOGETHER, THE "PROSPECTUS DIRECTIVE") AS AMENDED AND APPLIED IN EACH MEMBER STATE OF THE
EUROPEAN UNION.
THE OFFER WILL BE OPEN TO PUBLIC ONLY IN FRANCE AFTER THE DELIVERY BY AMF OF A VISA ON THE PROSPECTUS.
NO COMMUNICATION AND NO INFORMATION IN RESPECT OF THE ISSUE OF SHARES MAY BE DISTRIBUTED TO THE PUBLIC IN ANY
JURISDICTION WHERE A REGISTRATION OR APPROVAL IS REQUIRED. NO STEPS HAVE BEEN OR WILL BE TAKEN IN ANY JURISDICTION
(OTHER THAN FRANCE) WHERE SUCH STEPS WOULD BE REQUIRED. THE ISSUE AND THE SUBSCRIPTION OF THE SHARES MAY BE
SUBJECT TO SPECIFIC LEGAL OR REGULATORY RESTRICTIONS IN CERTAIN JURISDICTIONS.
WITH RESPECT TO THE MEMBER STATES OF THE EUROPEAN ECONOMIC AREA, OTHER THAN FRANCE, (EACH, A "RELEVANT MEMBER
STATE") HAVING ADOPTED THE PROSPECTUS DIRECTIVE NO ACTION HAS BEEN UNDERTAKEN OR WILL BE UNDERTAKEN TO MAKE
AN OFFER TO THE PUBLIC OF SHARES REQUIRING A PUBLICATION OF A PROSPECTUS IN ANY RELEVANT MEMBER STATE. AS A
RESULT, THE SHARES MAY ONLY BE OFFERED IN RELEVANT MEMBER STATES (I) TO QUALIFIED INVESTORS, AS DEFINED BY THE
PROSPECTUS DIRECTIVE; OR (II) IN ANY OTHER CIRCUMSTANCES, NOT REQUIRING TO PUBLISH A PROSPECTUS AS PROVIDED
UNDER ARTICLE 3(2) OF THE PROSPECTUS DIRECTIVE.
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TIP - Tamburi Investment Partners S.p.A. published this content on 06 June 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 06 June 2018 11:12:08 UTC