Freshfields Bruckhaus Deringer and Linklaters are advising on the London initial public offering (IPO) of ready meals giant Bakkavor.

The company, which was founded in Iceland in 1986 but is now primarily based in the UK, took in revenues of almost £1.8bn last year. It announced its intention to float on the London Stock Exchange yesterday (10 October), and is set to list at least 25% of the company.