Despite investor scepticism, private equity lawyers insist
dual-track listings are a genuine exercise in valuation. With
complex confidentiality and additional costs, theyre
certainly not the easy option.
The resource and cost of a dual-track process
shouldnt be underestimated, said Philip Sanderson,
partner at Travers Smith, at IFLRs European Private
Equity Forum on September 23. It can take a good three
months longer than a normal sale.