Jupiter Plans June IPO

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.”


In Depth

GSAM's Papagiannis: Liquid Alternatives For The Long Run

Apr 21 2017 | 8:44pm ET

Interest in liquid alternatives cooled a bit last year amid a broad shift in investor...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Debunking Conventional Investment Wisdom (Part II)

Apr 17 2017 | 5:56pm ET

The alternative investment industry is currently replete with buzzwords around data...

 

From the current issue of