Private equity firm Bridgepoint confirms listing plan

Zovio

06/07/2021 07:19

LONDON, July 6 (Reuters) - Private equity firm Bridgepoint
said on Tuesday it would list on the London Stock Exchange to
raise 300 million pounds ($416.82 million) to support its growth
plans.
    Bridgepoint said it intends to offer its shares on the
premium segment with a free float of at least 25% of its share
capital, and expects to be eligible for the FTSE UK stock
indices.
    Bridgepoint, which focuses on mid-sized deals of up to 1
billion euros, was formed in 2000 after a management buyout of
NatWest's private equity arm.
    The firm's investments include Asia-inspired dining chain
Itsu, cycle retailer Wiggle, and Burger King’s France and UK
outposts.
     

($1 = 0.7197 pounds)

 (Reporting by Huw Jones; Editing by Kirsten Donovan)
 ((huw.jones@thomsonreuters.com; +44 207 542 3326; Reuters
Messaging: huw.jones.thomsonreuters.com@reuters.net))