PEP targets $263m IPO for Collins Foods
Collins Foods, the Australian fast-food group owned by Pacific Equity Partners (PEP), is planning an IPO worth about A$250 million ($263 million). Deutsche Bank and UBS have been appointed joint lead underwriters and have already begun pre-marketing, Reuters reported, citing a source with knowledge of the situation.
Earlier this week it was reported that Collins was aiming to go public before the end of the year in a deal that would value the enterprise at $400 million. Collins manages all 119 KFC outlets in Queensland...
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