Peter Ogden and Philip Hulme, two of the founders of Dealogic have turned to Cazenove to lead the initial public offering of the investment banking research firm despite using Goldman Sachs to float Computacenter, a UK technology company they previously owned.
Dealogic was established in the UK in 1983 by Simon Hessel, Ogden and Hulme. The company will not be raising any funds in the offer but Hessel will be selling half of his holding, a 15% stake, which could be worth up to £27m (€41m). Dealogic is valued at between £150m and £180m, according to sources close to the company. Turnover at Dealogic last year was $50.7m (€42.5m) with a profit before tax of $21.1m.