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Partnership flotation plans gather pace

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Partnership flotation plans gather pace

Plans for a £1 billion flotation of enhanced annuity provider Partnership Assurance are gathering pace, according to The Sunday Times.

It said plans for an initial public offering, which first emerged last summer, are gaining momentum due to the rally in the markets.

Partnership owner Cinven appointed Morgan Stanley and Bank of America Merrill Lynch to lead the listing preparations in June last year.

Private equity group Cinven bought Partnership, headed by chief executive Steve Groves (pictured), in 2008 for £160 million.

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Wading through DFM alphabet soup with Justin Urquhart Stewart

2 Comments Wading through DFM alphabet soup with Justin Urquhart Stewart

Seven Investment Management’s Justin Urquhart Stewart joins Jack Gilbert and Will Robins in the New Model Adviser® studio to talk about managing clients’ money and what to do in turbulent times.

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