Guy Hands’ Infinis to raise up to £930m

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Guy Hands’ wind power company, Infinis, has set the price-range for its upcoming flotation just shy of the forecasted £1bn.

The Terra-Firma-backed company has said that its expected IPO will fetch between £780m and £930m. The shares will be priced at between 260p and 310p. Individual shareholders can participate with a minimum investment threshold of £1,000.

The company, which owns 147 UK power generating plants, is set to list between 90m and 120m shares, representing 30pc and 40pc of the company on the London Stock Exchange next month.

Mr Hands’ Terra Firma is looking to realise the value of its investment in the renewables company, after first investing in the company in 2003 as part of its £315m acquisition of Waste Recycling Group.

Infinis’ advisors, Barclays, Deutsche Bank and RBC Capital Markets, have started bookbuilding with institutional shareholders and will stop collecting orders on November 14.

via Guy Hands’ Infinis to raise up to £930m – Telegraph.

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