Apax Partners' premium-shoe retailer, Cole Haan, is preparing for an IPO, a spokesperson for the company told CNBC.
The spokesperson declined to comment on the timing.
Another source with knowledge of the situation told Bloomberg that the company has already begun talking with investment banks.
The London private-equity firm's portfolio company showed robust sales and profit growth in its latest quarter. According to Bloomberg, the company grew revenue 14% to $687 million in the fiscal year that ended June 1, while adjusted EBITDA was up 56% to $95.3 million.
Save 57% With Our Labor Day Sale. Join Jim Cramer's Action Alerts PLUS investment club to become a smarter investor! Click here to sign up!