British Lender Shawbrook Picks Banks for London IPO

Shawbrook Group Plc, the British bank backed by BC Partners and Pollen Street, has added banks to its potential initial public offering in London, according to people familiar with the matter.

The company has lined up Deutsche Bank AG, UBS Group AG and Stifel Financial Corp. to assist with the offering, said the people, asking not to be identified because the matter is private. Barclays Plc and Goldman Sachs Group Inc. are leading the preparations, the people said.