€250m Square deal paves way for Sigma IPO

Purchase of Tallaght shopping centre could result in €300 million flotation for asset manager

The €250 million deal for The Square shopping centre in Tallaght is set to move Irish retail asset manager Sigma into the fast lane for a summer IPO.

Industry sources said that Sigma, which manages retail assets on behalf of Targeted Investment Opportunities (TIO), a subsidiary of the US private equity fund Oaktree, will kick start an early-look roadshow with potential investors alongside stockbrokers Davy in the coming weeks.

The float – likely ...