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Bridgepoint-backed FatFace eyes £110m London IPO

1 May 2014

clothing scarves_sqFatFace is preparing for an IPO on the London Stock Exchange, which is expected to value the private equity-backed British clothing chain at £440m.

The company plans to raise £110m via the IPO and have a free float of 25 per cent. It said that its private equity backer Bridgepoint, which bought the company from Advent international for £360m in 2007, will sell part of its stake via the IPO.

A year ago FatFace appointed former Marks & Spencer’s boss Sir Stuart Rose as its new chairman.

The company said it will use the proceeds to reduce its debt to £60m.

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