Robert Venes is assistant editor of equities and structured equity at IFR. Robert joined IFR in late 2009 from sister title Acquisitions Monthly, where he focused on private equity transactions and fundraisings. He was previously associate editor at Private Equity International and, before that, editor of Venturedome.
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A SKr1.098bn (US$127m) selldown by BC Partners in Swedish cable TV business Com Hem was covered within half an hour last night.
For an IPO market that is supposed to be dead in the wake of the UK’s decision to leave the European Union and the end of school term that triggers an evacuation of the City, the success of Enav’s privatisation IPO is all the more remarkable.
Floating a biotechnology company in Europe is a daunting prospect even in a rising market where optimism is in limitless supply. Launching against the backdrop of already weak markets and thin IPO volumes hit hard by Britain’s decision to leave the European Union appears brave or foolhardy.