City shop Finsbury picks up listing brief for Nat Rothschild's Vallar

Vallar PLC, a mining investment vehicle established by a team that includes Nat Rothschild, has handed a brief to Finsbury to support its London listing.

Finsbury founder: Roland Rudd
Finsbury founder: Roland Rudd

The company is seeking to raise £600m through an initial public offering on the main market of the London Stock Exchange and will use the funds to make a ‘significant’ investment in the mining sector.

Finsbury’s involvement will be led by partner Edward Simpkins.

The City agency was appointed without a competitive pitch, having worked personally with Rothschild for a number of years. Finsbury advised Atticus Capital, an investment firm Rothschild was previously co-chairman of, and he has a lengthy working relationship with Finsbury founder Roland Rudd.

Rothschild has set the firm up alongside James Campbell, a former chairman of Anglo–American's coal division.

Those involved in the IPO are confident they can drum up sufficient investor interest to raise £600m, but a number of previous flotations have floundered already this year.

The listing was the second in a matter of days, with fellow City heavyweight Brunswick leading Ocado's planned flotation announced last week.

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus

Latest Articles

John Lewis to tell brand story with "tasteful" 150th anniversary celebrations

John Lewis to tell brand story with "tasteful" 150th anniversary celebrations

Department store John Lewis is to use its 150th anniversary this year to talk about its history, which "not enough people know about", according to director of communications Peter Cross.

Labour hires Obama election strategist David Axelrod to fight General Election

Labour hires Obama election strategist David Axelrod to fight General Election

The man who helped Barack Obama win the 2008 and 2012 US presidential elections is to work for Labour along with members of his team.

Sky adds Fever PR to its roster after splitting with Cake

Sky adds Fever PR to its roster after splitting with Cake

Pay-TV giant Sky has added Fever PR to its agency line-up for a wide-ranging brief covering products and services.

Max Clifford trial jury to continue deliberations after Easter break

Max Clifford trial jury to continue deliberations after Easter break

The jury in the trial of celebrity publicist Max Clifford has been sent home for Easter and will reconvene on Tuesday for further deliberations about its verdicts on 11 charges of indecent assault.

Home Office brings in Munro & Forster to campaign against FGM

Home Office brings in Munro & Forster to campaign against FGM

The Home Office has tasked Munro & Forster (M&F) with supporting its campaign to eradicate female genital mutilation (FGM) as part of a wider retained brief.