UK - Permira to float Hogg Robinson
It is reported that Hogg Robinson, the business travel and corporate services group backed by Permira, is to announce plans for an IPO this week.
Permira acquired Hogg Robinson in 2000 through a management buyout which valued the company at £400m. It is expected that the flotation will value it at between £600m and £700m. In May 2005, Permira sold the Benefits and Consultancy Services division of Hogg Robinson to Duke Street Capital.
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