News of a second potential mandate in as many weeks has left Goldman Sachs well positioned to help reopen the market for private equity-backed IPOs in the UK – a market that has lain dormant for almost two years.

The bank has been tipped as an adviser, alongside JP Morgan, to work on a potential initial public offering of HellermannTyton - a Luxembourg-based maker of cable ties bought in 2005 by UK buyout firm Doughty Hanson for about £300m.