Charterhouse Considers Saga IPO

Charterhouse reportedly has retained Close Brothers to explore “future ownership options” for portfolio company Saga Ltd., which could include an IPO. Other Saga shareholders include AlpInvest Partners, HarbourVest Partners, Standard Life Investments and company management. The UK-based company provides both insurance products and holiday packages for people over 50 year-old. An IPO would likely value Saga at over Gbp2.5 billion.