UK - Barclays Private Equity's Your Move to float
Estate agency and surveying business LSL Property Services, formerly known as Your Move and held by Barclays Private Equity is planning a ТЃ221m IPO.
Barclays Private Equity acquired the company out of Norwich Union in a £61m management buyout deal in 2004. It is understood that Barclays Private Equity will retain a 29% stake in the company following the listing. In 2005, the company had a turnover of £134.9m and an operating profit of £14m. These figures are in contrast to the company's record when it was part of Norwich Union and operated at a loss.
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