BrokerDealer.com blog update courtesy of news extracts from various outlets..
In what appears to be a stellar outlook for brokerdealers across the UK IPO market, Luxury shoe designer Jimmy Choo has confirmed plans to float in London as the IPO market in the City reopens following the summer lull.
Aldermore, a UK retail bank owned by private equity group AnaCap is also on tap for what is anticipated to be a bumper crop of fall listings.
Several private equity-backed floats had been put in recent weeks, partly as a result of investor concerns regarding the chance for a Yes vote in the autonomy referendum that was Scottish. In the event, Scotland voted to stay in the Union.
Carlyle-owned roadside assistance group RAC is expected to float in the coming weeks – possessed by the Clayton Dubilier & Rice in New York – likely to follow suit.
One business thought to have selected not to join the float queue is the London cab business Addison Lee,. The business, whose people carriers really are a familiar sight is reportedly set to change hands in a pass-the-share deal between Carlyle and another buy out group.
Merrill Lynch has been employed by Jimmy Choo as lead, co-ordinator and joint bookrunner to the IPO, with HSBC additionally acting as German private bank and joint bookrunner. The luxury goods group said it planned to make use of the proceeds to “pursue growth without compromising the brand”, opening between 10 and 15 shops annually.