G+T is advising SkinKandy, Australia and New Zealand’s leading specialist piercing and fashion jewellery retailers, on its proposed initial public offering (IPO) and listing on the Australian Securities Exchange (ASX). SkinKandy operates more than 100 stores across Australia and New Zealand. The fully underwritten IPO will raise $160 million and SkinKandy will list with an indicative market capitalisation of $245 million based on the offer price. Founded in 2010 by Mark Oliphant and backed by private equity firm Whiteoak, SkinKandy has built a fast-growing specialty retail platform, offering a wide range of piercing services alongside jewellery. The company has strengthened its management team and is investing in digital platforms, operational capability, training and marketing to support continued growth across ANZ and expansion into priority international markets. The proposed listing represents Whiteoak’s first exit of one of its portfolio companies via an IPO and further demonstrates G+T’s role as a leading adviser on the most significant ASX IPOs in the market. Together with G+T’s recent role advising furniture retailer Koala, the transactions represent two of the largest ASX listings by operating companies in 2026 to date. G+T is acting as Australian legal adviser to SkinKandy. The team is led by partner Adam D’Andreti, supported by Lucy Hall, Catherine Wei, Hayden Rayen and Francis Burfitt. Partner Adam D’Andreti said: |
SkinKandy, with Whiteoak’s support, has built a high-quality retail business with a strong management team and a clear growth story. We’re grateful for the opportunity to support Whiteoak on its first IPO exit and SkinKandy on its proposed ASX listing, which will be another impressive milestone for the company. In a volatile market, the successful pricing of this IPO shows there is still strong investor demand for great businesses with credible growth plans.
