PE-backed Edwards Sets Range for I.P.O.

British vacuum technology maker Edwards has set a price range of 200 to 270 pence for its London listing, Reuters reported. The company is currently owned by private equity groups CCMP Capital and Unitas Capital. Edwards will sell roughly 35% of the company during the offering, Reuters reported.

(Reuters) – British vacuum technology maker Edwards set a price range of 200 to 270 pence for its London listing, two sources close to the deal said on Friday.

Private equity-backed Edwards will sell around 35 percent of the company in the offering, which is made up entirely of existing shares, valuing the company at between 1 billion ($1.6 billion) and 1.3 billion pounds, the sources said.

($1=.6165 Pound)

(Reporting by Kylie MacLellan)