CVC Capital Partners went public in the Netherlands and raised about 2 billion euros. This is reported on the company’s website. This IPO could become one of the largest in Europe this year.
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This is one of the largest and most famous investment companies in Europe, managing assets worth 186 billion euros. These include Lipton Teas and Infusions (formerly Unilever's tea business) and Swiss watchmaker Breitling. In Poland, CVC owns the Żabka chain of stores.
CVC's most famous investment is the Formula One Group, which it controlled from 2006 to 2016 inclusive.
CVC Capital Partners Plc placed shares at 14 euros per unit and raised at least 2 billion euros through the IPO. If the option for additional placement is exercised, the transaction amount will increase to 2.3 billion euros. This is one of the largest placements in Europe this year.
Earlier, the Ministry of Finance wrote that CVC planned to raise 1.25 billion euros from its investors through the listing.
General The market value of the company after the IPO is estimated at 14 billion euros.