Private equity firm Anacap, which owns the new British bank Aldermore, has enlisted the services of Deutsche Bank and Credit Suisse to help arrange a listing that could potentially value the lender at 800-900 million pounds ($1.33-1.5 billion).
The listing is expected to take place in the autumn, said sources privy to the matter. When contacted, Aldermore’s spokesman said that the bank was analyzing its capital markets strategy, which may possibly lead to, among other options, an initial public offering.
When contacted, Deutsche Bank’s spokesman was unavailable for a comment, while Credit Suisse refused to comment on the matter.
Aldermore, which was established in 2009, has turned itself into one of the most credible new banks in UK, which has seen it give Britain’s established lenders a run for their money. Last year, it revealed that it is actively seeking new buyouts in order to increase its market footprint.
In order to finance its growth ambitions, the bank managed to raise capital worth 40 million pounds last December.
Separately, Jimmy Choo is reportedly locked in meetings with investment bankers over a potential stock market listing that will value it at 1 billion pounds. Labelux, which purchased Jimmy Choo in 2011 for 525 million pounds, plans to offer a minority stake in the luxury shoe retailer. However, Labelux said the plans are still in initial stages and may turn the other way.
Jimmy Choo, which has over 150 stores spread across 150 countries, made profits of 26.9 million pounds in 2012. Funds raised in the IPO may potentially be used to finance its expansion into Asian markets.
When contacted for a comment, Labelux’s spokesman was not immediately available.
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