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EQT eyes next week for £2bn SSP public listing

11 Jun 2014

food dinner pasta lunchSwedish private equity firm EQT is reportedly planning to announce the expected IPO of catering business SSP next week.

The firm has hired Goldman Sachs and Morgan Stanley to lead the public listing according to Reuters, which cited two sources familiar with the matter.

Previous reports regarding the IPO have suggested the company could be worth about £2bn following the listing.

EQT, which acquired SSP from Compass Group in April 2006, is expected to exit part of its stake through the share sale.

Bloomberg reported last month that EQT was  looking to secure loans of £650m for SSP.

It said the UK-based business was in talks with banks about a five-year funding package which would replace part of its existing £1.1bn debt.

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