European venture capital company 3i and private equity fund manager L Capital, which led the Eu105 million (£72.5 million) buy-out of Gant in 2003, backed its flotation today. The move will earn them Eu76 million (£52.5 million) and Eu44 million (£30.4 million) respectively through their partial exits.
Last year, operating profit for the Gant brand was a total of Eu21 million (£14.5 million).
The clothing retailer operates 235 stores and more than 4,000 concessions in 68 countries throughout the world. It has expansion plans for China, India and the UK.
Gant was founded in the US in 1949. Three Swedish entrepreneurs bought the rights to design and sell Gant clothing in Sweden in 1980, then the company went on to acquire the global rights to the brand in 1999.
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