Umbro Holdings, the football products firm, is lining up for a June flotation that could see the company valued at up to £200m (€134m). Doughty Hanson, the private equity firm, will have almost doubled its money on the business over five years.

The London initial public offering will be led by Cazenove, which earlier this week was appointed to lead another UK float: Dealogic, the investment banking research firm.