Crown Corp, the private equity firm headed up by Wolfgang Menzel, a former UBS and Credit Suisse banker, is to become one of the top 10 companies on the UK Alternative Investment Market (AIM) when it lists next week.

Crown has already raised approximately €220m ($256m) through placing shares with European institutions and private investors. The placing price was €5 per share on an issue of around 70 million shares. This gives the company a theoretical market capitalisation of €350m, putting it among the largest companies listed on AIM.