Luxury Fragrance Maker in Equity Offering
October 31, 2005
Cleary Gottlieb represented Citigroup, Oppenheimer & Co. and SG Cowen & Co. as underwriters in LV Capital USA, Inc.'s secondary offering of its approximately 18% stake in Inter Parfums, Inc., consisting of 3.4 million shares. The underwriters have an option to purchase up to approximately a half million additional shares from two other significant Inter Parfums’ shareholders. The shares will be traded on the Nasdaq National Market.
Inter Parfums develops, manufactures and distributes prestige perfumes and cosmetics as the exclusive worldwide licensee for Burberry, S.T. Dupont, Paul Smith, Christian Lacroix, Celine, Diane von Furstenberg and Lanvin. In addition, Inter Parfums is a leading producer and supplier of mass market fragrances, cosmetics and personal care products. The company's products are sold in more than 120 countries worldwide.