A specialist meals provide chain group backed by Related British Meals (ABF), the proprietor of Primark, is plotting a London inventory market flotation that might worth it at greater than £300m.
Metropolis sources mentioned that bankers at Peel Hunt had been coordinating ‘early-look’ conferences with institutional buyers to gauge their urge for food for the corporate.
Czarnikow, which is known as after its founder and traces its roots again to 1861, is 42.5%-owned by ABF, which counts British Sugar amongst its subsidiaries.
Macquarie, the Australian monetary providers powerhouse, additionally owns a 42.5% stake.
The rest is owned by an worker advantages belief, in accordance with Czarnikow’s web site.
The corporate operates from 13 workplaces world wide and says it elevated its workforce by almost 1 / 4 final 12 months.
With a protracted heritage as a sugar dealer, it operates throughout the meals provide chain, together with meals components, power and packaging merchandise.
It was unclear on Thursday how a lot cash it’d search to lift in an IPO.
ABF, Macquarie and Czarnikow all declined to remark.
