Foresight Group explores potential IPO on London Stock Exchange

Private equity specialist moots flotation

Infrastructure and private equity specialist Foresight Group is considering floating itself on the London Stock Exchange's main market.

Foresight said it was pondering an initial public offering, comprising the sale of shares by existing shareholders alongside a small offering of new shares issued by the company. The firm said it expected up to 50% of its resulting share capital to be in public hands following the flotation. Foresight said it had total assets under management (AUM) of around £6.8bn as at 30 September, with Foresight Infrastructure, which manages 292 assets, accounting for 90% of AUM and Foresight Private Equity, which manages 104 investments on behalf of 33 investment vehicles, accounting for 10%. For...