MBMC Breaking News: Veteran private equity firm CVC is set to finalize its listing plan, and is poised to become the largest IPO in Europe this year.
According to media reports, globally renowned veteran private equity firm CVC Capital Partners is preparing to launch an IPO, which will be listed on the Amsterdam Stock Exchange in the Netherlands. It is expected to become the largest IPO in Europe this year and one of the largest ever IPOs for private equity firms in the region.
CVC is expected to start trading in November. Sources said that relevant discussions are still ongoing, CVC has not finalized the details of its listing plan, and the official announcement may be delayed until next week. If the market deteriorates, CVC may still postpone its IPO plan.
When CVC sold a minority stake to Blue Owl Capital in 2021, its valuation was approximately US$15 billion.
A representative for CVC declined to comment.
Public information shows that CVC's predecessor can be traced back to a venture capital division (Citicorp Venture) established by Citigroup in the 1960s and 1970s. As the European branch of this project, CVC was officially established in 1981.
In 1993, the management represented by Michael Smith completed a management buyout (MBO); in 1999, CVC Capital began to expand into Asia; in 2007, CVC Capital opened an office in New York; and in 2000, CVC became one of the largest private equity investment institutions in Europe.
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