According to the AFR, Pacific Equity Partners is lining up the cleaning and catering company, Spotless, for an IPO

According to the AFR, Pacific Equity Partners is lining up the cleaning and catering company, Spotless, for an IPO. Spotless Group and is believed to be preparing a tightly-run cornerstone bookbuild within the next fortnight. It is understood Spotless is preparing to meet potential backers this week, with advisers Citi, Deutsche Bank and UBS arranging meetings with a handful of fund managers who they think may be supportive of the offer. PEP acquired the business for $1 billion back in 2012 and after a quick turnaround story could revalue the company north of the $2 billion mark via a public offering. AFR Subscribers: (VIEW LINK)