City financier Edi Truell’s Tungsten Corporation this week announced its intention to float and clinched a deal after months of speculation as to what it would buy. Financial News speaks to the Duke Street founder about the deal.

On Wednesday Tungsten, a vehicle run by Edi, brother Danny, former ING banker Phil Ashdown, and ex-Duke Street partner Jeff Belkin, announced plans to raise up to £160 million through a listing on London's junior Alternative Investment Market.