The truth about dual tracks

Author: | Published: 27 Sep 2010

Despite investor scepticism, private equity lawyers insist dual-track listings are a genuine exercise in valuation. With complex confidentiality and additional costs, they’re certainly not the easy option.

“The resource and cost of a dual-track process shouldn’t be underestimated,” said Philip Sanderson, partner at Travers Smith, at IFLR’s European Private Equity Forum on September 23. “It can take a good three months longer than a normal sale.”

A dual-track...