Singapore’s Sarment files for IPO to raise up to CDN $53M

Sarment Holding Limited has filed a preliminary prospectus for initial public offering (IPO) of its ordinary shares for gross proceeds of between of CDN $33 million and $53 million.

The offering is made on a “best-efforts” basis by Haywood Securities Inc. as lead agent and sole bookrunner with Canaccord Genuity Corp., Cormark Securities Inc. and Paradigm Capital Inc. as underwriting syndicate members.

DLA Piper (Canada) LLP and Fogler, Rubinoff LLP are acting as legal counsels to Sarment and the agents respectively.

Founded in 2012 by Bertrand Faure Beaulieu, Sarment is a luxury lifestyle service provider focused on Ultra-High-Net-Worth individuals and High-Net-Worth individuals. The company began offering personalized luxury products and services in 2012 in Singapore, Hong Kong and Shanghai.

As at January 31, 2018, Sarment had 135 full-time employees and 12 contractors globally.

Sarment has 31,866,640 ordinary shares issued and outstanding, after giving effect to the restructuring and the share split.

Major shareholders include #SUBSCRIBERS ONLY CONTENT Where and how did you get your news? Subscribe today to see our research on this and all other subscriber ONLY news. See what you have been missing and be informed!#

photo credit: Sarment

Ted Liu

Ted Liu, M.Sc. (Mining, Queen's), MBA (Finance, Toronto), is the Editor of Private Capital Journal,,, and the former Editor of Canadian Private Equity. Ted has been passionately tracking Canadian private capital industry since 1992, having most recently served as Research Director for The Canadian Venture Capital and Private Equity Association (CVCA).

Ted is the architect of CVCA infobase, and is the architect of CPE Media's, Canada's most sophisticated and advanced all private capital and public market financing database.