Premier AM explores £200m LSE listing

Added 19th September 2016

Premier Asset Management has hired stockbrokers to look into the possibility of listing on the London Stock Exchange, according to media reports.

Premier AM explores £200m LSE listing

The Guildford-headquartered firm is reported in The Sunday Times to have hired brokers Keefe, Bruyette & Woods and Numis to work on a £200m ($259m, €232m)  listing by the end of this year.

Premier was previously listed before 2007 when Electra Partners invested £33m in support of a £57m take-private deal. Premier’s funds under management at that time totalled £1.8bn.

In 2009, Electra and Premier brokered a deal with Aberdeen Asset Management to acquire the management contracts of two Oeic fund umbrellas containing 10 open-ended funds comprising £910m of assets under management.

This acquisition took Premier's AUM to approximately £2.5bn at the end of 2009, and the figure has since grown to £4.9bn as at end of August 2016.

In October 2014 Electra sold a 50.2% stake in Premier to Elcot Capital Management, an investment management firm led by Premier’s chairman Mike Vogel, though the private equity house continues to hold a significant minority interest in Premier in the form of ordinary and preference shares.

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Gary Shepherd

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Gary joined Last Word Media in 2009, becoming editor of Portfolio Adviser a year later. Previously, he worked at Incisive Media with roles across its Professional Adviser, Investment Week, Bloomberg Money and Mortgage Solutions titles. Gary has been shortlisted for various awards, winning Headline Money Investment Writer of the Year in 2010.

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