Brunswick backs float of Lord Browne's Riverstone energy fund

Brunswick has been mandated to lead comms for the £1.5bn flotation of an energy fund backed by former BP chairman Lord Browne and private equity firm Riverstone Holdings.

Lord Browne: Former BP chairman behind launch of Riverstone Energy
Lord Browne: Former BP chairman behind launch of Riverstone Energy

Riverstone Holdings, where Lord Browne is a partner, will float investment company Riverstone Energy in late October and will use the proceeds to invest across the global energy market.

Lord Browne will be on the board of the new investment company, alongside a number of senior industry figures, including Sir Robert Wilson, former chairman of BG Group, and Jim Hackett, former chief executive of Anadarko Petroleum.

Brunswick previously worked with Lord Browne at BP, with founder Alan Parker personally advising Browne during his resignation from the oil giant after the publication of details concerning his personal life.

Brunswick partners Andrew Mitchell and Robin Wrench are handling comms around the IPO.

The listing is one of a number of significant IPOs announced this month, notably the mega-floats of Twitter in the US and Royal Mail in the UK.

Brunswick is handling corporate PR for the Royal Mail float alongside Tulchan Communications, which is handling investor relations.

Figures recently published by the Financial Times suggest that 2013 could be the best year for new listings since the financial crisis began and 2014 will be better still.

The FT found that the domestic new listings market has reached £1.8bn in the first half of the year, with the recently announced flotations suggesting the full-year total could reach £7.8bn (the second highest total since 2007).

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

Max Clifford trial jury to reconvene tomorrow after majority verdicts direction

Max Clifford trial jury to reconvene tomorrow after majority verdicts direction

The jury in the trial of celebrity publicist Max Clifford on 11 charges of indecent assault has been sent home for the day after being told by the judge earlier this afternoon that he will now accept majority verdicts.

Labour "fooling themselves" over plans to combat attacks on Miliband

Labour "fooling themselves" over plans to combat attacks on Miliband

Conservative-leaning public affairs experts have questioned the value of Labour's adoption of US-style campaigning tactics in the wake of the opposition hiring election strategist David Axelrod.

PLMR appoints Professor Tim Morris as non-executive director

The vet who helped establish the British Horseracing Authority's anti-doping and animal welfare programme has joined PLMR as a non-executive director.