Ahead of its December IPO, Lanvin Group revealed its 2022 interim results and an updated company valuation in a recent amendment to its registration statement with the SEC.
“Eleven percent of the adjustment was due to the shifts in the currency market, especially the euro and U.S. dollar exchange rate. Nine percent of the adjustment reflects this year’s global economic changes and the performance of our reference peer group,” Cheng said.
“The new valuation will help us deliver significant upside potential and long-term value for both current Primavera Capital Acquisition Corp. shareholders and future shareholders of Lanvin Group,” she added. “Our outlook for the business remains unchanged.” Lanvin Group also confirmed Meritz Securities Co. Ltd., a South Korea-based financial services conglomerate, as its latest investor. Meritz has committed $50 million in a private placement and is considering an additional investment of up to $15 million via a PIPE subscription, or private investment in public equity, as Lanvin Group continues the de-SPAC process before going public, a mandatory last step in which a listed SPAC successfully merges with a private company.
“Meritz’s decision to join our strategic ecosystem shows a global investor’s confidence in our growth potential,” Cheng commented. “As South Korea becomes an increasingly importantThe owner of
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