BC Partners and Pollen Street Capital close to appointing Goldman Sachs to oversee listing of UK lender
Shawbrook’s private equity owners are considering a sale of the lender or a London listing at a target valuation of £2bn, marking a glimmer of optimism in the UK capital after a bad year for its main stock market.
A total of 88 businesses delisted or transferred their primary listings from the LSE last year, with just 18 taking their place, against a backdrop of poor performance and declining liquidity. Performance on the FTSE 100 has been mostly flat since the Brexit referendum in 2016, while big names from diverse sectors have in the past 18 months moved their main listings to New York or announced plans to do so.
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