View more on these topics

PosSol says Lexicon Partners appointment shows it is serious about flotation

Positive Solutions has appointed corporate finance advisory firm Lexicon Partners to assist it with its planned stock market flotation in 2010.

Lexicon assisted Hargreaves Lansdown on its successful flotation last year.

A PosSol spokesman says the appointment is a “signal of intent” that it is serious about a 2010 target date to float the company.

Speaking at PosSol’s national forum event in Birmingham yesterday, chief executive Jim Reeve stressed any movement toward the stock market would still depend on market conditions and company performance.

Lexicon Partners advises on public and private mergers and acquisitions, equity and debt capital raising. It has assisted on more than 110 completed transactions with a total market value in excess of £35 billion.

Reeve also told partners in Birmingham that PosSol is currently exploring its wrap options with a change in direction perhaps needed. He said: “Positive Solutions needs to be in that space.”

He said the company is considering building its own wrap proposition, although this is at present the “least favoured” option.

He said: “We are at the start of the journey. In the next two months we will have done the work and identified the possibility of building our own one, hiring one, white labeling one – all of those things. I just want to understand what are our options.”

Recommended

Mortgages Plc tests out technology platform

Mortgages Plc is testing its new technology platform which aims to offer complete automation to brokers.The lender also has plans to relaunch fully in the buy-to-let and prime sectors. This comes after it withdrew from the medium, heavy and unlimited adverse markets last year as a result of the credit crunch.Head of marketing Pollyanna Hughes […]

Bank robbery

Bertolt Brecht said: “It is easier to rob by setting up a bank than by holding up a bank clerk.”

Iain Chadwick

The Budget 2015: a brief overview

Following George Osborne’s delivery of his sixth Budget as chancellor and the last of this current parliament, we have provided a brief overview of the initiatives put forward in his statement, focusing on the topics that have an impact upon the pensions landscape, savings, personal taxation and businesses.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment