A relationship with the founder of Moneysupermarket.com has helped Citigroup secure a place on a £165m placement of shares in the online comparison site – the first large sell-down of stock in the company since its 2007 initial public offering.

Citi was named alongside Credit Suisse on the placement of 80 million shares in Moneysupermarket.com, approximately 14.8% of its issued share capital, for founder Simon Nixon. The placement will be conducted through an accelerated bookbuild.