Antin Infrastructure Partners to launch IPO

Infrastructure investment firm Antin Infrastructure Partners is launching an initial public offering on the Euronext Paris exchange to fund expansion into new strategies, according to its website.

The firm is floating at least €350 million ($416 million) and up to €402.5 million worth of ordinary shares.

Antin, which has €19.9 billion in assets under management as of June 30, also wants to strengthen its brand, attract new talent and continue investing in its future fund series.

Shares will be priced between €20 and €24.

"We believe an IPO would strengthen our balance sheet to accelerate our growth," Mark Crosbie and Alain Rauscher, co-founders and managing partners of Antin, said in a statement posted on the firm's website. "Moreover, it would create flexibility for disciplined and value-enhancing expansion into new investment strategies and would allow us to continue investing both in carried interest and in co-investments in our future fund series."

The domestic offering is set to close at 5 p.m. Central European Time on Sept. 22, while the international offering is set to close at noon Central European Time on Sept. 23.

The announcement follows decisions by other firms, such as private equity house Bridgepoint Group in July and Goldman Sachs' alternatives business Petershill Partners in September, to pursue initial public offerings in London.