Allegro's PE sponsors plan IPO

The GPs jointly acquired Allegro from South African media group Naspers for $3.253bn in October 2016. The European Bank for Reconstruction and Development also provided €24m in equity in the deal via its Equity Participation Fund. Cinven and Permira both hold a larger stake than Mid Europa, while the actual size of their shares remains undisclosed.

The IPO, which is planned to take place after the summer holidays, could value Allegro at €10bn, according to Bloomberg. The owners are seeking more than €2bn from the IPO.

Goldman Sachs and Morgan Stanley have been selected to act as global coordinators. Additional banks may be selected at a later stage. Lazard is advising the PE owners on the potential listing, Bloomberg reports.

The matter is still under consideration and details of the platform's potential listing still could see changes, according to the report.

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• Topics
• CEE
• Consumer
• Exits
• Poland
• IPO
• Cinven
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• Mid Europa Partners