Shawbrook's private equity owner is said to be gearing up for another major IPO.

The private equity owner of specialist lender Shawbrook is eyeing another blockbuster listing for one of its portfolio companies, fresh reports have suggested.

Pollen Street Capital is understood to be laying the groundwork for an IPO for its UK insurer Markerstudy with conversations underway with investment bankers over a listing that could value the firm at over £3bn.

In 2024, Markerstudy – which boasts around six million customers – netted £694m in revenue but made a loss of £141.7m. The company maintains over 6,589 members of staff and was established in 2001.

Last year, the group acquired Atlanta Insurance, expanding its distribution division, which provides motor, home, small business and pet insur

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