Twitter LinkedIn
    Friday, January 27
    Login
    0 Shopping Cart
    Twitter LinkedIn
    Private Equity InsiderPrivate Equity Insider
    • About Us
    • Digital Events
    • Our Network
      • Reach
      • Sponsors
      • Members
    Private Equity InsiderPrivate Equity Insider
    Home»IPO»£4bn float of KKR-backed Darktrace dealt blow as UBS quits as sponsor
    IPO

    £4bn float of KKR-backed Darktrace dealt blow as UBS quits as sponsor

    February 15, 2021Updated:February 15, 20211 Min Read
    LinkedIn Facebook Twitter Email WhatsApp
    RJ33EN UBS 5 Broadgate in the City of London - the new UBS offices, designed by MAKE architects Ken Shuttleworth and opened in 2016
    Share
    LinkedIn Facebook Twitter Email WhatsApp

    Darktrace has picked former Capita executive Gordon Hurst as its chairman ahead of a potential IPO

    The £4bn flotation of Darktrace, one of Britain’s most prominent technology companies, has been dealt a severe blow by the resignation of one of the investment banks hired to lead it.

    Jefferies will now lead the flotation, with Berenberg and KKR Capital Markets – a division of KKR, the private equity firm which is one of Darktrace’s largest shareholders – also in the banking syndicate.

    Darktrace has picked Gordon Hurst – who chairs Featurespace, another Invoke-backed company – as its chairman to steer the company through its IPO.

    Darktrace is aiming to float in the spring, and has indicated that it believes a valuation of $5bn (£3.8bn) is achievable. Invoke became the first investor in Darktrace after it was founded in 2013, since when it has grown rapidly, boasting more than $200m in annual revenue.

    Read more at: Sky News

    By Mark Kleinman

    Image Source

    Related

    Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.

    Investments IPO
    Share. LinkedIn Facebook Twitter Email WhatsApp

    Related Posts

    CAI raises over $1B for inaugural fund and co-investment programme

    November 18, 2022

    Carlyle launches renewable energy development platform Telis Energy in Europe

    November 15, 2022

    Partners Group buys data center platform EdgeCore Digital with $1.2B investment

    November 14, 2022

    CalPERS commits $15.2B to private markets

    November 14, 2022

    Comments are closed.

    Other Articles

    M&G blasts UDG private equity deal

    May 30, 2021

    NorthEdge invests in specialist cyber security distributor

    March 5, 2021

    NewSpring Holdings raises $120 million to scale existing platforms

    June 15, 2021

    Foxconn to start $8 bln investment in Indonesia EV sector in Q3

    February 9, 2022

    Private Equity Insider LLC
    1212 Avenue of the Americas
    New York City 10036
    USA

    [email protected]

    Twitter LinkedIn
    © 2023 Private Equity Insider LLC. All rights reserved.
    • About
    • Terms of Use
    • Cookie Policy
    • Privacy Policy
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.

    View Cart Checkout Continue Shopping

    Sign In or Register

    Welcome Back!

    Login to your account below.


    Lost password?