Ogier advises Cinven and Partnership Assurance on London Stock Exchange listing
Ogier has advised European private equity company Cinven and annuity provider Partnership Assurance on Partnership’s recent premium listing on the main market of the London Stock Exchange.
The £1.54bn market capitalisation implied by the offer price would be enough to include it in the FTSE 250 index, which comprises the 250 most highly valued companies outside the FTSE 100.
The IPO comprises the sale of a portion of Partnership’s existing ordinary shares held by funds managed and advised by Cinven and management, and an issue of new ordinary shares by Partnership.
The Jersey aspects of the IPO transaction were led by Hong Kong-based partner Nathan Powell and Jersey senior associate Richard Daggett.
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This judgment in the Court of Appeal considered an appeal on one part of the judgment of Lieutenant Bailiff Chadwick (the Judge) of December 2013.