Inter Parfums to bring secondary public offering of common stock
13 Oct '05
2 min read
Prestige perfumes and cosmetics developer Inter Parfums Inc announced that certain of its stockholders intend to offer 4,336,050 shares of its common stock in a public offering. The selling stockholders are LV Capital USA Inc (3,436,050 shares), Chairman and CEO Jean Madar (450,000 shares) and Vice Chairman and President Philippe Benacin (450,000 shares).
In addition, Messrs. Jean Madar and Philippe Benacin intend to grant to the underwriters a 30-day option to purchase up to an additional 650,408 shares of Inter Parfums common stock to cover over-allotments, if any. Inter Parfums will not receive any proceeds of the sale of its common stock by the selling stockholders.
Citigroup Corporate and Investment Banking will be the sole book runner for this offering and Oppenheimer & Co and SG Cowen & Co LLC will act as co-managers. A registration statement relating to these securities has been filed with the Securities and Exchange Commission, but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.
Famous perfumes company Inter Parfums develops, manufactures and distributes prestige perfumes and cosmetics as the exclusive worldwide licensee for Burberry, S.T. Dupont, Paul Smith, Christian Lacroix, Celine, Diane von Furstenberg and Lanvin. The Company also has a controlling interest in Nickel S.A., a men's skin care company. In addition, Inter Parfums is a leading producer and supplier of mass market fragrances, cosmetics and personal care products. The Company's products are sold in over 120 countries worldwide.