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Upper Crust owner SSP plans £2bn float

Upper Crust owner SSP plans £2bn float

SSP, the fast food giant that owns brands including Upper Crust and Delice de France, is planning a £2 billion flotation.

The company, which owns more than 2,000 train station and fast food outlets, also owns the Millie's Cookies brand and runs concessions for Burger King and Starbucks.

SSP's private equity owner EQT is understood to be planning to offload a 25% stake, raising £450 million to £500 million, valuing the overall company at £2 billion, according to the Telegraph. In its last financial year SSP reported earnings of £153 million on sales of £1.8 billion.

SSP's float would be one of the biggest of a busy year for IPOs and suggests that despite a number of recent deals suffering disappointing debuts, the pipeline of deals coming to market remains robust with TSB and AA also lining up listings.

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Profile: The opportunity set that attracted Brett Williams to wealth management

Profile: The opportunity set that attracted Brett Williams to wealth management

Brett Williams is best known for helping to build some of the biggest platforms in the IFA market.He made the move over to wealth management to head SEI’s UK business earlier this year in the belief that this is where the best opportunities now lie.

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