Feb 24 Private equity company Doughty Hanson is
preparing to float manufacturing group HellermannTyton, Sky News
reported on Sunday.
Doughty Hanson, which has owned HellermannTyton since 2005
when it bought the company for about 300 million pounds ($458
million), has hired Goldman Sachs and JPMorgan to work on the
listing, Sky News said on its website.
London is a strong contender to host the flotation although
Doughty Hanson is also expected to consider other locations, Sky
Doughty Hanson's decision to list the company comes after
the private equity group twice failed to sell the company,
though a sale, rather than a floatation, was not impossible,
Sky News reported.
Sky News said the value Doughty Hanson was seeking from a
floatation of HellermannTyton, whose products include cable
ties, fasteners and tubing, was unclear.
Doughty Hanson declined to comment. Goldman Sachs and
JPMorgan could not be immediately reached for a comment.