(Adds Oaktree no comment)
July 10 Britain's Countryside has appointed STJ
Advisors to help the homebuilder consider future options,
including a potential initial public offering, the Financial
Times reported on Thursday, citing sources.
Discussions over the future of the company were at a
preliminary start, with a possible listing in 2015, just one of
the many options being considered, the paper quoted a person
familiar with the matter as saying. (on.ft.com/VQ6fbV)
Executive Chairman Ian Sutcliffe said that the company had
hired STJ to "advise on future options for the business". A
spokesman for Countryside declined to comment further on the
Stakeholders of Countryside include private equity firm
Oaktree Capital Management LP and the family of founder Alan
The FT also quoted a separate source as saying that STJ, who
also advised Saga and Card Factory on their
London IPOs, had begun approaching banks to pitch for the role
of bookrunner for Countryside's probable debut.
While STJ could not immediately be reached for a comment
outside of regular business hours in Britain, a spokesman for
Oaktree declined to comment.
(Reporting by Esha Vaish in Bangalore; Editing by Bernard Orr)