LONDON - The specialty insurer Brit Insurance said on Tuesday that it was planning an initial public offering on the London Stock Exchange later this year.
Brit Insurance is the latest example of a company owned by private equity to announce a plan to publicly float stock in recent months.
The insurer, which is based in the Netherlands, was taken private by Apollo Global Management and CVC Capital Partners in 2010.
The company intends to offer at least 25 percent of its shares. The offering is expected to be completed by April.
Since going private, the company has sold several business lines, including its general insurance business in Britain in 2012.
It now focuses on specialty insurance and reinsurance for businesses, and it has a large presence in the Lloyd’s of London underwriting marketplace.
“We are very pleased to be bringing Brit to the market following a period of successful change for the business,†said Mark Cloutier, the company’s chief executive.
“In recent years we have transformed Brit into a global specialty insurer and reinsurer operating through our Lloyd’s of London platform,†said Mr. Cloutier. “We have sold noncore businesses, focused our underwriting on profitable specialty business lines with short tail risks, and expanded our global distribution in the U.S., Bermuda and China.â€
In 2013, Brit Insurance posted a 20.1 percent increase in profit, to about 102 million pounds, or $169 million.
Private equity firms have engaged in a flurry of sales and I.P.O. announcements of their portfolio companies in the last year.
Last month, private equity owners announced plans for public offerings of Poundland, a British discount retailer that sells everything for £1 or less; ISS, a Danish outsourcing company; and Pets at Home, a British pet supply retailer.
After Brit Insurance’s I.P.O., Apollo and CVC are expected to remain its largest shareholders. They have agreed to lockup agreements regarding their shares for 180 days after the offering.
