Private equity-backed vodka maker Stock Spirits is planning to raise £52m by selling at least a quarter of its shares in a London IPO next month.
Majority owner Oaktree Capital Management plans to sell part of its stake through the listing, but intends to remain the group’s largest shareholder according to a statement.
Oaktree created the business in 2007 by merging Poland’s Polmos Lublin with the Czech Republic’s Stock.
The firm eyed a sale of the combined business to Diageo in 2011 before considering and eventually rejecting a flotation on the Polish stock market.
Stock Spirits has just over a third of the Polish vodka market share, and had adjusted EBITDA of €34.3m for the first half of 2013, up from €28.5m for the same period last year.
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