PEM prospectus submitted - source

The IPO prospectus of Private Equity Managers (PEM), the asset management unit of private equity firm MCI Management, has been submitted to the Polish Financial Supervision Authority, according to a market source quoted by the Polish Press Agency. The prospectus was submitted last Friday, the source said. MCI Management has earlier said that this would happen before the end of H1 2014. The IPO of PEM was initially planned for September or December, depending on market conditions. The offer will be managed by Noble Securities. In a pre-IPO transaction, about 30 percent in PEM was sold to MCI’s shareholders and managers.