Helios Investment Partners has been working with advisers to sell a stake in Crown Agents Bank, a British provider of cross-border payments, sources familiar with the matter told Reuters
have slid more than 40% since the group's landmark direct listing in 2021 and are down almost 3% this year amid market turbulence.
It trades at about 45 times its earnings for the last 12 months and 26 times its earnings before interest, tax, depreciation and amortisation , including debt.operating income for 2021 of 53 million pounds, up from 33 million the year prior, along with a twelvefold increase in profits to close to 9 million pounds. Its EBITDA stood at 16 million pounds.by roughly 90% last year and global merger and acquisitions activity contracted on the back of rising interest rates and economic uncertainty.
A float would come as a win for London, where local technology companies have been looking overseas for a potential IPO home.Our Standards:
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