Private Equity
A heavyweight industrialist is to spearhead a £600‎m flotation of one of Britain's largest brick-makers as the industry cashes in on an anticipated surge in housebuilding. Sky News has learnt that LoneStar, the private equity firm, has ‎lined up Paul Lester as the chairman of Forterra - previously known as Hanson Building Products. The initial public offering, which is likely to focus on Forterra's UK arm and take place in London, may seek to raise tens of milions of pounds, according to insiders.