(Alliance News) - Foresight Group Holdings Ltd on Tuesday has confirmed that it will seek to list on the Main Market of the London Stock Exchange.
Foresight Group is a Guernsey-headquartered infrastructure and private equity investment manager that operates through two segments: Foresight Infrastructure, which is focused on renewable energy and infrastructure, and Foresight Private Equity.
The offer will comprise a sale of shares by existing shareholders, which will make up 80% of the offer, and the rest will be an offering of new shares, issued by the company itself.
Once shares are admitted to trading, Foresight expects that 50% of its issued share capital will be in public hands.
Foresight Group has appointed Jefferies International Ltd as joint global coordinator and bookrunner, and Numis Securities Ltd as joint global coordinator, bookrunner and sole sponsor.
Foresight said the offer is expected to further enhance the group's profile, provide an additional source of capital for acquisitions as well as the ability to use its shares as consideration.
Looking ahead, Foresight Group expects admission to take place in February.
By Dayo Laniyan; dayolaniyan@alliancenews.com
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