Financial services group ‘to launch £500m float plans’ this week
Financial services group Charter Court is expected to formally launch its plans to float on the stock market this week.
The flotation, which would value the Wolverhampton-based company at around £500m, comes 16 months after a sales process was halted because hedge fund owner Elliott Associates thought the bids were too low.
Buyout firms BC Partners, Varde Partners and Warburg Pincus had tabled bids, which were reported at the time to be around £50m below the asking price of £400m. Nervousness in advance of a possible "Out" vo... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
