Overview

• The offer combines £50 million of new shares with a sale of existing stock by Marlin Bidco, the vehicle owned by BC Partners and Pollen Street Capital.
• Coverage indicates a potential valuation near £2 billion, which would make it the largest London flotation so far this year.
• Shares will be marketed to qualified institutional buyers internationally and to UK retail investors through a partner network with RetailBook.
• Shawbrook reported a loan book of £18.3 billion and customer deposits of £17.6 billion at the end of September, supported by organic originations and the ThinCats acquisition.
• The lender is pursuing low double-digit annual growth with an ambition to nearly double its loan book to about £30 billion by 2030.