Thursday, 21 August 2014
Last updated 6 hours ago
May 18 2010 | 12:00pm ET
Jupiter Asset Management, the hedge fund and traditional asset manager, is set to go public next month.
The London-based firm plans to raise more than £220 million in an initial public offering on the London Stock Exchange. As part of the deal, private equity firm TA Associates will sell some of its stake in the firm.
Jupiter, which has about £20 billion in assets, will use the proceeds from the share sale to pay down its debt.
J.P. Morgan Securities will serve as the sole sponsor of the offering. The firm is also one of Jupiter’s financial advisers, along with Lexicon Partners, and is joint bookrunner alongside Bank of America Merrill Lynch. Numis Securities is co-lead manager.
“The strength of Jupiter’s investment culture has enabled us to attract and retain our talented team of fund managers and to deliver out-performance for clients through the market cycle,” Jupiter chief Edward Bonham Carter said. The money raised in the IPO will “further enhance our ability to achieve this objective for growing our client base.”
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note