Center Parcs float expected following election result

Center Parcs float expected following election result

Center Parcs is expected to lead a number of companies listing on the London Stock Exchange over the next few months after the election.

Investors have been buoyed by the unexpected victory of the Conservatives, removing weeks of uncertainty that would have been created by a hung parliament.

With the party perceived as “business friendly” in power, companies are lining up their bankers to work on an IPO.

“There are both a number of companies about to explode out of the starting blocks after the election - but in addition to these there are also a number of companies who were waiting for the result who have now pressed the ignition button on their processes,” Vivienne Maclachlan, capital markets director at PwC, told The Times.

“We expect a range of industries and sectors to offer up candidates - but it remains to be seen whether we will meet the record levels of last Q2 2014.”

Center Parcs last month announced a new holiday village in Ireland, which analysts said could be its owners Blackstone paving the way for a £2.5 billion float or sale, with the result of the election now favouring a listing.

Center Parcs declined to comment.


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