France's Antin Infrastructure Partners plans to list in Paris (updated)

Zovio

03/09/2021 07:53

(Adds context)
    By Pamela Barbaglia
    LONDON, Sept 3 (Reuters) - French investment firm Antin
Infrastructure Partners is looking to launch an initial public
offering (IPO) on Euronext Paris and has hired banks to work on
the deal, the company said on Friday.
    The flotation will involve a capital increase of about 350
million euros ($416 million) through the issuance of new shares
as well as a limited sale of existing shares by the company's
co-founders, Antin said.
    The deal will help Antin, one of the world's leading
infrastructure investment firms with approximately 20 billion
euros in assets under management, to accelerate growth and
diversify its investment portfolio while also strengthening its
brand.
    It comes after rival private equity firm Bridgepoint
 BPTB.L  went public in July in a deal that saw its value rise
by more than a fifth on its London stock market debut.
 urn:newsml:reuters.com:*:nL8N2OX219
    Other buyout funds including L Catterton -  the private
equity firm backed by French billionaire Bernard Arnault and
luxury goods empire Louis Vuitton Moet Hennessy  LVMH.PA  - are
considering tapping public markets at a time when private equity
buyouts have hit record volumes with activity rising 152% in the
first six months of the year to $512 billion, representing 18%
of global M&A volumes.  urn:newsml:reuters.com:*:nL4N2OR3Z1  urn:newsml:reuters.com:*:nL5N2OA530    
    JPMorgan  JPM.N  and Morgan Stanley  MS.N  are the joint
global coordinators on the Antin deal while Bank of
America BAC.N , BNP Paribas  BNPP.PA  and Citigroup  C.N  are
the joint bookrunners.
    ($1 = 0.8421 euros)

 (Reporting by Pamela Barbaglia Editing by Susan Fenton and Mark
Potter)
 ((pamela.barbaglia@thomsonreuters.com;  +442075427723; Reuters
Messaging: pamela.barbaglia.thomsonreuters.com@reuters.net))