GIC and Australian PE firm Ironbridge Capital to launch ~$615m IPO for FleetPartners Ltd

Expect the IPO in April.

According to a report by Reuters, Singapore sovereign wealth fund GIC and Australian private equity firm Ironbridge Capital are planning an initial public offering of FleetPartners Ltd in a deal that would value the car leasing company at about $615 million.

The IPO was expected as early as April. It was not clear yet how much of the company was up for sale but the source said between 50 and 80 percent is likely to be on the block.

Read the full report here.

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