Private equity firm Bridgepoint have confirmed plans to raise £300m through an impending float.

The firm dangled the prospect of an IPO last month but have confirmed the move in an announcement to markets this morning.

The buyout group, which has around £27.4bn of assets under management across equity and debt funds, says it seeks to sell a quarter of its shares while a further 15 per cent will be available through an over-allotment option.

The company expects it will be eligible for inclusion in the FTSE UK indices.

The raise will support growth plans, Bridgepoint said.

The move marks a rare entrance into private markets for a private equity firm and will place Bridgepoint alongside London-listed 3i group.

“Over the last 30 years we’ve built the global leader in middle market growth investing, with strength and depth across two very complementary strategies in private equity and private credit,” said executive chairman William Jackson.

Read more/Source: City AM