BC Partners, the private equity group, is once more considering a flotation for C&C Group, the Irish drinks company, despite having shelved plans for a public offering following the market nose-dive in 2002.
The equity group, which backed a management buy out of C&C from Allied Domecq, is reported to be working with financial advisors Citigroup and Goldman Sachs towards a possible float or sale that would value the company at £700m.
C&C owns the Irish cider brand, Bulmer's, and Tullamore Dew whisky. Last year it sold Barbero 1891, its wine and liqueur business, to Campari, for £105m.
