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- Schroder British Opportunities announces intention to float and raise up to £250m
Schroder British Opportunities announces intention to float and raise up to £250m – Schroder British Opportunities Trust this morning announced its intention to launch an IPO and to admit its shares on the premium segment of the official list of the financial conduct authority and to trading on the main market of the London Stock Exchange. The company is seeking to raise up to £250m. You can access the prospectus by clicking here.
The announcement this morning included the following key points on the investment proposition:
It is also noted that ESG company engagement will be a critical feature of the company’s investment strategy. The company’s focus will be on companies with business models which are considered to be sustainable in terms of both the longevity and durability of their businesses and their environmental, social and governance behaviours.
It is noted that the company’s portfolio will be managed by two of Schroders’ most senior investment professionals; Rory Bateman, Head of Equities and Tim Creed, head of UK & European private equity.
Rory notes that “the current macro environment presents investors with a staggering opportunity with regard to UK public equity valuations. The company’s strategy offers a highly differentiated growth based approach, hand in hand with the support of sustainable development screening metrics that we believe will result in a portfolio that has very limited overlap with any existing London listed investment trust.
Once the company reaches its target deployment, we are aiming to deliver double-digit annual returns over the life of the company by taking advantage of what we believe is a once in a generation opportunity. We believe Schroder British Opportunities is a compelling opportunity for investors given the combination of public and private equity, the intense focus on ESG engagement and the circa seven-year fund life.”
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