Bain Said to Work With JPMorgan, UBS on $1.6 Billion Ibstock IPO

U.S. private-equity firm Bain Capital is working with JPMorgan Chase & Co. and UBS Group AG on the potential initial public offering of U.K. brick maker Ibstock, according to people with knowledge of the matter.

Ibstock, which Bain agreed to acquire from Irish construction group CRH Plc in December, may seek a valuation of more than 1 billion pounds ($1.6 billion) in an IPO, said the people, asking not to be identified as the matter is private. Rothschild is also working on the potential share sale, which may take place later this year in London, they said.