Comparethemarket owner prepares for listing that could value the company at over £2bn

 
Helen Cahill
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Bristol Zoo Welcomes Triplet Meerkats
Meerkats inspired Comparethemarket's well-loved advert (Source: Getty)

The owner of comparison site Comparethemarket is exploring a listing that could value to company at more than £2bn.

An exact date for the listing has not been confirmed, but it is thought to be taking place in the first quarter of 2017.

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BGL group, the online financial services company that also owns insurance provider Junction and life insurance site Beagle Street, declined to comment.

The company - well-known for its adverts featuring Aleksandr the meerkat - also announced today that it is boosting its board with the addition of two non-executive directors.

Robin Phipps, currently non-executive chairman of Bupa UK insurance, will be joining the team, having previously worked for Legal & General and Ernst & Young.

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Phipps will be joined by Jitesh Gadhia, who has formerly had senior positions at Barclays and Blackstone, and is now sits on the board of UK financial investments and UK Government Investments, which hold the public shares in RBS and Lloyds.

Peter Winslow, chairman of BGL group, said Phipps and Gadhia "bring significant additional experience and expertise across financial services and capital markets."

Winslow said: "We are in the process of appointing a further international non-executive director to chair our recently formed risk and compliance committee, but in the meantime I look forward to working closely with Robin, Jitesh, and the rest of the board."

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