RE: 1st day of trading on LSE5 Nov 2025 09:45
These are the comments that attracted me to join in here…….” The track record of the group speaks for itself," Princes Group CEO Simon Harrison told Reuters in an interview. "There've been four major acquisitions in just over the last 12 months, and we believe that the opportunities are going to be coming thick and fast for us in the future as well."
Princes was bought by Milan-listed Newlat Food in 2024 for 700 million pounds. Newlat subsequently changed its name to New Princes Group.
The Italian parent bought around 200 million pounds worth of shares in the deal while the family office of executive chair, Angelo Mastrolia, bought 54.7 million pounds worth of shares in the offer. New Princes will retain an 82.7% stake in the company after its IPO.
Last year Princes Group generated pro forma revenues of 2.1 billion pounds, according to accounts in its prospectus.”