By Ron Coates, 15 April 2004 15:50
NEWS Dealogic co-founder Simon Hessel aims to scoop up to £22.5m as the company goes to market next month with a value in the £150m to £180m range.
He will be the only one selling shares in the placing as the financial information and systems firm goes public. His two co-founders, Peter Ogden and Philip Hulme, scooped the lottery when they floated Computacenter in 1998.
The float will not raise any money for the company but will provide a currency to help reward essential staff and to make acquisitions. Tom Fleming, company CEO, is to get 15 per cent of the shares.
When Computacenter went public, it was valued at £1.3bn on the first day of trading. Ogden gave £25m of the £31m he made from the float to set up a fund to send poor children to public schools. Hulme gave the £33.5m he made in the sale to charity.
The two Computacenter founders still have holdings in the company worth around £350m. Their holdings in Dealogic will be worth around £90m.
Dealogic was established in 1983 and now has offices in New York, London, Tokyo and Hong Kong. It has over 300 staff.
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