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Premier Asset Management prepares for £200m float

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Premier Asset Management is planning for a return to the London Stock Exchange nine years after it was taken private.

The Sunday Times reports the fund group has hired stockbrokers Keefe, Bruyette & Woods and analysts Numis to work on the £200m listing by the end of the year.

Buyout firm Electra Partners, which took Premier off the market, still maintains a 25 per cent stake in the business valued at £33m. This would make the fund group worth between £150m and £200m.

Electra sold down its holding in Premier to Elcot Capital in 2014. Premier’s management team also own 25 per cent of the business.

The Sunday Times says Premier has begun investor roadshows on the float plans, which are said to be “early stage”.

Premier has assets under management of over £4.9bn.

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