Private equity firm Antin Infrastructure Partners SA and its founders are looking to raise 550 million euros ($650 million) in an initial public offering in Paris amid a flurry of alternative asset manager listings. The firm, which invests in everything from fiber-optic networks to water utilities, is raising about 350 million euros selling new shares, while existing shareholders are offloading the remainder, according to a statement Wednesday. The offering will value the company at as much as 4.13 billion euros.
Antin will market shares at 20 euros to 24 euros through Sept. 23. The new stock is set to start trading in Paris on Sept. 24.
Antin’s IPO comes on the heels of buyout firm Bridgepoint Group Plc’s U.K. debut in July. Goldman Sachs Group Inc.’s Petershill unit, which specializes in buying stakes in alternative asset managers, is listing a new investment vehicle in London.
Source: Bloomberg
By Swetha Gopinath and Alexandre Rajbhandari
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.