{"id":657544,"date":"2013-05-13T05:10:43","date_gmt":"2013-05-13T09:10:43","guid":{"rendered":"http:\/\/www.pehub.com\/?p=201551"},"modified":"2013-05-13T05:10:43","modified_gmt":"2013-05-13T09:10:43","slug":"reuters-partnership-assurance-group-london-float","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/657544","title":{"rendered":"Reuters \u2013 Partnership Assurance Group London Float"},"content":{"rendered":"

Partnership Assurance Group<\/strong> is to float on the London Stock Exchange<\/strong>, writes Reuters<\/em>. Owned by private equity firm Cinven<\/strong> since 2008, the life insurer generated profit of 112 million pounds ($171.97 million)in 2012 and claims a 26 percent share of the 4.5 billion pound non-standard annuities market in Britain.<\/p>\n

Reuters<\/em> – Partnership Assurance Group, the private-equity backed life insurer, announced plans on Monday to float on the London Stock Exchange, in a further sign that London’s initial public offering market is rebounding.<\/p>\n

Owned by private equity firm Cinven since 2008, the life insurer generated profit of 112 million pounds ($171.97 million)in 2012 and claims a 26 percent share of the 4.5 billion pound non-standard annuities market in Britain.<\/p>\n

Cinven plans to sell a portion of its existing shares as well as issue new shares to raise approximately 120 million pounds to achieve a minimum free float of 25 percent.<\/p>\n

Bank of America Merrill Lynch and Morgan Stanley have been appointed as joint sponsors and joint global co-ordinaters with Keefe Bruyette & Woods and Panmure Gordon & Co acting as co-lead managers. Evercore is financial adviser to the company.<\/p>\n

The post Reuters – Partnership Assurance Group London Float<\/a> appeared first on peHUB<\/a>.<\/p>\n

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Partnership Assurance Group is to float on the London Stock Exchange, writes Reuters. Owned by private equity firm Cinven since 2008, the life insurer generated profit of 112 million pounds ($171.97 million)in 2012 and claims a 26 percent share of the 4.5 billion pound non-standard annuities market in Britain. Reuters – Partnership Assurance Group, the […]<\/p>\n","protected":false},"author":7428,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-657544","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/657544","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/7428"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=657544"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/657544\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=657544"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=657544"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=657544"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}