Marr, the Italian foodservice distribution business has secured approval from the Borsa Italia to IPO on the Telematico Azionario, providing its PE backers, including Arca Impresa Gestioni and Barclays Private Equity, with an exit route. MARR S.p.A. is the leading Italian player in the foodservice distribution sector.
Marr is being valued at between €391m and €512m. The company, which is majority owned by Cremonini SpA, will offer the shares at a nominal price of €50 each and will offer 20% of the shares to retail investors and 80% to institutional investors.
Barclays Private Equity and Arca Impresa Gestioni invested a total of €100m for a 33.3% stake in the company in 2003.
The MARR Group provides a wide range of top quality food and non-food products to all main HORECA (Hotels, Restaurants and Canteens) operators in Italy and is the only nationwide player in the Italian market.