By Pamela Barbaglia
LONDON, Sept 3 (Reuters) – French funding agency Antin Infrastructure Companions is seeking to launch an preliminary public providing (IPO) on Euronext Paris and has employed banks to work on the deal, the corporate mentioned on Friday.
The flotation will contain a capital improve of about 350 million euros ($416 million) by means of the issuance of latest shares in addition to a restricted sale of current shares by the corporate’s co-founders, Antin mentioned.
The deal will assist Antin, one of many world’s main infrastructure funding corporations with roughly 20 billion euros in belongings below administration, to speed up progress and diversify its funding portfolio whereas additionally strengthening its model.
It comes after rival personal fairness agency Bridgepoint BPTB.L went public in July in a deal that noticed its worth rise by greater than a fifth on its London inventory market debut.
Different buyout funds together with L Catterton – the personal fairness agency backed by French billionaire Bernard Arnault and luxurious items empire Louis Vuitton Moet Hennessy LVMH.PA – are contemplating tapping public markets at a time when personal fairness buyouts have hit document volumes with exercise rising 152% within the first six months of the 12 months to $512 billion, representing 18% of world M&A volumes.
JPMorgan JPM.N and Morgan Stanley MS.N are the joint world coordinators on the Antin deal whereas Financial institution of AmericaBAC.N, BNP Paribas BNPP.PA and Citigroup C.N are the joint bookrunners.
($1 = 0.8421 euros)
(Reporting by Pamela Barbaglia Enhancing by Susan Fenton and Mark Potter)
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