Forterra engages FTI to advise on IPO

Forterra, the second-largest manufacturer of bricks in the UK, is being advised by FTI Consulting as it progresses towards an initial public offering on the London Stock Exchange later this month.

FTI was brought in a few months ago for the IPO communications brief after a competitive pitch.

Forterra announced its intention to float last week and is expecting to have at least 25% of its issued share capital on the market. The float could give Forterra a market capitalisation of around £450m, according to reports.

FTI’s team is led by senior MD Richard Mountain and MD Nick Hasell, who are supported by senior consultant Frances Elworthy and consultant Alexandra Scott. They report to Forterra CEO Stephen Harrison and CFO Shatish Dasani.