The British investment company CVC Capital Partners announced its intention to list its shares on the Euronext exchange in Amsterdam. CVC plans to raise €1.25 billion from its investors through the listing. This is stated in the company's press release, writes Liga.net.
► Subscribe to the telegram channel “Ministry of Finance”: main financial news
< p>CVC Capital Partners intends to raise 250 million euros by selling new shares, the owners also plan to sell their shares. One of the shareholders, the investment company Blue Owl, wants to increase its stake.
According to the statement, none of the company’s employees will sell shares as part of the IPO.
The company is counting on the 13-15 mark billion euros during the IPO, writes the Financial Times with a link to sources.
CVC was ranked fourth in the Private Equity International ranking of the 300 largest private investment companies in the world, but dropped to 15th place in the 2023 ranking.< /p>
At the same time, in 2023, CVC raised the world's largest private equity fund of 26 billion euros.
CVC Capital manages assets worth approximately 186 billion euros, in its portfolio stakes in companies such as Breitling, Lipton Teas and Infusions. In Poland, CVC owns the Żabka chain. In 2023, CVC entered into agreements to invest in the Danish transport company Scan Global Logistics, the Brazilian food distributor Delly's and the Women's Tennis Association.
According to the FT, the most resonant agreements in the history of CVC were the control agreements over the Formula One Group, which CVC owned from 2006 to 2017, a stake in the Six Nations Cup – the main rugby competition in Europe, the purchase of the consulting group Teneo and the tea business of Unilever.
CVC was already planning to list in Amsterdam in the first half of 2022. But high inflation, rising interest rates, slowing economic growth and the war in Ukraine led to the freezing of the IPO market.
