Initial Public Offering (IPO)
Towergate seeks £665m cash boost
Towergate Finance, part of the Towergate Partnership, is seeking a £665m cash boost from investors to refinance its existing debt and redeem certain preferred shares.
Post in print - 22 April
Post reporter Dan Dunkley provides a quick overview of this week's major news including: Towergate brings in IPO experts, Capita insurance chief quits, Lib Dem's in mutual manifesto, Quinn faces UK underwriting decision and insurers assess volcano…
Coface to get French state fund aid for partial IPO
The French state is likely to lend a helping hand to investment bank Natixis in selling its credit insurance unit according to newswire Reuters.
Coface to get French state fund aid for partial IPO
The French state is likely to lend a helping hand to investment bank Natixis in selling its credit insurance unit according to newswire Reuters.
Towergate creates two PLCs and appoints IPO specialist
The Towergate Partnership has instructed an international corporate law firm to help it oversee a financial restructuring of the business including the formation of two "public-limited company" operations, Post has learnt.
Start up lines up Deutsche Bank and Macquarie for UK float
Long Bay Re, a newly established Class 3 reinsurer registered under Bermuda law, has announced its intention to float on AIM.
Countdown to PZU IPO begins
Poland’s government and insurance group Eureko plan to start taking orders next week for at least 5.5bn zloty ($1.9 bn) of shares in PZU, Poland’s largest insurer.
Countdown to PZU IPO begins
Poland’s government and insurance group Eureko plan to start taking orders next week for at least 5.5bn zloty ($1.9 bn) of shares in PZU, Poland’s largest insurer.
Oval appoints Rothschild to consider future options
Oval has made Gloucester-based broker JL Fisher & Co its first acquisition of 2010, adding it would also consider a "transformational deal" to take it past its £200m target.
Dai-ichi Life raises $11bn in IPO
Dai-ichi Mutual Life Insurance will raise 1.01trn yen ($11bn) in the Japan’s biggest initial public offering in more than a decade after pricing its stock 9.7% below the top of a planned range.
LSE rule change set to boost flotations
Following a prolonged period of inactivity for initial public offerings as a result of the global recession, Marsh has predicted that early signs of economic recovery and new rules for UK firms listing on the London Stock Exchange will lead to an…
UBS, Goldman said to get AIA IPO roles
Investment banking giants UBS and Goldman Sachs have been appointed joint bookrunners for the IPO of AIG's life unit, AIA, the Financial Times has reported.
Litcomp agrees sale
Litcomp agreed the sale of the company to Torridon on Monday, following news that Torridon's £5.48m offer for Litcomp was unconditional last month.
AIG's AIA unit to float
Hong Kong chosen as the destination for IPO.