Lanvin Group to be listed on the New York Stock Exchange by the end of the year

The proposed combination of Lanvin Group with Primavera Capital Acquisition Corp. is expected to close by the end of the year, subject to customary closing conditions. This will pave the way for the Lanvin Group’s public listing.

The future New York listing of Lanvin Group (which owns Maison Lanvin and Club Med, among others) is currently being prepared. Primavera Capital Acquisition Corp (PCAC) has recommended that its shareholders vote in favor of the combination with Lanvin Group at its extraordinary general meeting to be held on December 9. PCAC, which is a special purpose acquisition company listed on the New York Stock Exchange, is also an affiliate of Primavera Capital Group, a global investment firm.

Lanvin Group, however, failed to comply with several elements of the shareholder agreement it signed with the French house’s minority investors. It then called its fashion division “Lanvin Group” without their permission, according to official documents released in recent days.

The listing on the New York Stock Exchange is a boon for the group, which needs cash to expand and mop up the losses of Lanvin and its other fashion houses. But before buying any shares, potential investors would be wise to carefully read the documents that Lanvin Group has filed with the U.S. stock market regulator, the Securities and Exchange Commission (SEC).

Lanvin Group and PCAC have revised the group’s pre-transaction equity value from $1.25 billion to $1 billion. The group believes that the adjusted valuation thus provides a very attractive entry point for investors.

After taking into account various considerations, Primavera and Lanvin agreed to cancel the bonus pool for ABCP’s non-redeemable public shareholders. Indeed, on October 28, they decided to remove these provisions for non-redeeming shareholders and are currently in discussions to explore alternative non-redeeming incentives for certain holders.

The proposed business combination of Lanvin Group with ABCP is expected to close by the end of 2022, subject to customary closing conditions, including approval by ABCP shareholders and the listing of LGHL (Lanvin Group Holdings Limited) securities on the New York Stock Exchange. Upon completion of the transaction, the group’s businesses will operate under the Lanvin Group name. LGHL has applied for a listing on the New York Stock Exchange under the symbol “LANV”.

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Hélène Cougot

Passionnée depuis son plus jeune âge par l’art et la mode, Hélène s’oriente vers une école de stylisme, l’Atelier Chardon-Savard à Paris, avec une option Communication. Afin d’ajouter des cordes à son arc, elle décide de compléter sa formation par un MBA en Management du Luxe et Marketing Expérientiel à l’Institut Supérieur de Gestion à Paris dont elle sort diplômée en 2020. Elle a notamment écrit des articles lifestyle et beauté pour le magazine Do it in Paris et se spécialise en rédaction d’articles concernant le luxe, l’art et la mode au sein du magazine Luxus Plus.********** [EN] Passionate about art and fashion from a young age, Hélène went to a fashion design school, Atelier Chardon-Savard in Paris, with a Communication option. In order to add more strings to her bow, she decided to complete her education with an MBA in Luxury Management and Experiential Marketing at the Institut Supérieur de Gestion in Paris from which she graduated in 2020. She has written lifestyle and beauty articles for Do it in Paris magazine and specializes in writing articles about luxury, art and fashion for Luxus Plus magazine.