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BFW 03/17 07:33 *BRIT TO SELL SHARES IN IPO AT 230P-275P, TERMS SHOW
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Brit to Sell Shares in IPO at 230p-275p, Terms Show 2014-03-17 07:39:48.93 GMT
By Francesca Cinelli March 17 (Bloomberg) -- Offer size ~GBP230m–GBP275m pre- greenshoe, according to terms obtained by Bloomberg News. * Market cap seen at GBP920m-GBP1.1b * Minimum 25% free float * JPMorgan, UBS joint coordinators and bookrunners * Co-managers: Canaccord, Numis * Books due to close March 27, pricing on March 28 * Lock-ups: Apollo and CVC 180 days; management 365 days * NOTE March 4: Apollo, CVC Seek Initial Public Offering of Insurer Brit Group {NSN N1WOGI6JTSEZ <go>}
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To contact the reporter on this story: Francesca Cinelli in Milan at +39-02-80644-252 or fcinelli@bloomberg.net
To contact the editor responsible for this story: Andrew Rummer at +44-20-7073-3722 or arummer@bloomberg.net