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Bridgepoint has taken the unusual step to plan an IPO - how does private equity go public?

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20.07.2021

All eyes turned to Bridgepoint this month, after the private equity firm took the unusual step to plan an IPO on the London Stock Exchange. With over £23bn under management, the company hopes to raise over £300million as part of the initial public listing.

It is the first-time in nearly three decades a UK-based private equity company has decided to go public. Bridgepoint will be the third private equity firm to IPO, joining the ranks of 3i Group and Intermediate Capital Group.

It comes at a time when the private equity sector is under heavy scrutiny over a series of high-profile mergers and takeovers involving private equity firms. Both international and domestic private equity firms have been criticised over claims the big players are taking advantage of firms in distress as a result of the crushing influence of the pandemic.

The advantages of IPOs are plentiful, and yet most private equity firms avoid them. The first, most obvious benefit is the injection of fresh equity capital following the initial listing. The funds raised from the........

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