PRINT THIS PAGE Partners Group plans IPO on SWX Swiss Exchange21/02/2006. Source: AltAssets. 
Swiss-based alternative asset manager Partners Group plans to list on the SWX Swiss Exchange. The IPO is expected to take the form of a public offering in Switzerland and private placements in selected countries and contemplates a preferred allocation programme for certain clients and business partners of the firm. The offering is expected to result in a free-float of approximately 30 per cent. Following the transaction Partners Group's management expects to hold on to a substantial majority stake.
Alfred Gantner, co-founder and executive chairman of Partners Group, said, 'With the planned listing and the preferred allocation programme we further align our interests with our clients and business partners. Moreover, the IPO provides additional entrepreneurial freedom to develop the firm in a way favourable to all our stakeholders which we believe ensures our long-term independence.'
Marcel Erni, co-founder and chief investment officer with additional responsibility for human resources, added, 'With the listing we will establish a valuation platform for our shares. This is an important measure in the context of our incentive programme, which continues to focus on long-term retention of our partners, principals and valuable employees. We also believe that the IPO will further increase the attractiveness of Partners Group to new employees. This step enables continuity, which is a prerequisite for successful alternative asset management.'
Steffen Meister, chief executive officer of Partners Group, commented, 'We continue to execute on our proven integrated business strategy, with our asset management activities providing the core competence, which we leverage through our structuring and distribution efforts. In response to increasing client demand for alternative assets, we continue to broaden our product offering over time, benefiting from the scalable alternative asset management platform which we carefully built over the last ten years.'
Partners Group has about 140 employees, based in offices in Zug, New York, London, Singapore and Guernsey.
Copyright © 2006 AltAssets
|
