The Good Guys IPO takes shape

Joint Lead Managers revealed.

Credit Suisse, Goldman Sachs and UBS are the Joint Lead Managers to support the Good Guys (TGG) planned initial public offer and listing on the Australian Securities Exchange. They will work alongside Helfen Corporate Advisory as independent financial adviser.

The company said that it will also consider any alternate ownership proposals that emerge.

Good-Guys

TGG released a media statement this morning describing itself as “an iconic brand and leading Australian specialty retailer of household appliances and consumer electronics products. With annual sales of approximately $2 billion, it has leading market positions in multiple categories including white goods, cooking, small kitchen appliances and home entertainment.”

The Good Guys operates 100 large-format stores across metropolitan and regional Australia, supported by an advanced e-commerce platform that forms the foundation for its industry leading multi-channel sales strategy. “Transition to 100% ownership of the store network is proceeding well and remains on track for completion at the end of the current financial year.”

The company said it was recognised for its customer service and is one of Australia’s most admired and successful retailers. “This position is underpinned by its best-in-class staff engagement, learning and development, and is reinforced with its recent investment in The Good Guys purpose-built Training Academy and program.”

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