IK's Attendo rumoured to list this year
IK Investment Partners could list Swedish elderly care provider Attendo on the Stockholm exchange this year, according to media reports.
The owners would prefer to list Attendo before the election in September, according to local financial newspaper Dagens Industri.
Investment banks JP Morgan and Enskilda are reportedly investigating the conditions for an introduction on the stock exchange. Major investors are currently being invited to presentations in order to gauge interest and potential share price.
The listing of a care group on the Stockholm exchange would be controversial as profits within the healthcare sector is one of the main election issues. That said, institutional investors co-owning Attendo could fulfil demands from the government as well as the Social Democratic party for long-term ownership of such assets.
Rumours of an Attendo IPO surfaced in 2011, but an exit to a trade player seemed more likely at the time. Private healthcare provider Aleris, backed by Investor, was named as a potential candidate.
IK acquired Attendo from Bridgepoint and other investors in January 2007 for SEK 2.5bn.
IK declined to comment.
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