Overnight deals could continue to keep equity capital markets bankers in the City of London busy right into the week of the UK election, according to bankers and lawyers, as the pre-election nerves surrounding the IPO market bypass accelerated offerings.

Cinven raised £136 million through the sale of shares in UK hospital giant Spire Healthcare overnight on Monday, bringing the number of UK accelerated offerings to 32 for the year so far, according to Dealogic. That number is just one lower than the number of overnight deals completed this time a year ago, although at $8.3 billion the value of deals is lower than last year's $13 billion.