UK - Permira to float Hogg Robinson

The Sunday Times reported on the expected IPO of Hogg Robinson over the weekend. Permira took Hogg Robinson private in a 2000 deal worth EUR 640m and now intends to return it to the stock market through a 'competitive' IPO. This controversial route to the market has attracted concern from the FSA as it is said to put pressure on analysts to over-value companies in order to secure their firm's involvement in the deal.