Prodrive, the bespoke engineering and sales company
behind the winning Subaru World Rally team, intends to seek a stock market flotation. The listing is set to value the company at around GBP 150 million. Apax Partners, the venture capital group, holds a 49% stake in exchange for an investment of around GBP 35 million. Prodrive employs 400 staff who have been promised shares and options amounting to a total of 15% when the business floats, equating to windfalls of around GBP 50,000 for each. (EPO.com) |
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