Brunswick backs Riverstone energy fund in UK

LONDON: Brunswick has been tasked with leading communications for the £1.5 billion (about $2.4 billion) IPO of an energy fund backed by former BP chair John Browne and private equity form Riverstone Holdings.

LONDON: Brunswick has been tasked with leading communications for the £1.5 billion (about $2.4 billion) IPO of an energy fund backed by former BP chair John Browne and private equity form Riverstone Holdings.

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

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

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

Brunswick partners Andrew Mitchell and Robin Wrench are handing communications for the IPO.

The listing is one of a number of significant IPOs announced this month, including Twitter and the Royal Mail in the UK.

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

Figures recently published by the Financial Times suggest that 2013 could be the best year for public offerings since the financial crisis began, and that 2014 will be even better.

The FT found that the new UK domestic listings market has reached £1.8 billion ($2.9 billion) in the first half of the year, with the recently announced offerings suggesting the full-year total could reach £7.8 billion ($12.5 billion), the second-highest total since 2007.

This story originally appeared on the website of PRWeek UK.

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