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.

Have you registered with us yet?

Register now to enjoy more articles and free email bulletins

Register
Already registered?
Sign in

Would you like to post a comment?

Please Sign in or register.