Buyout Giant CVC Seeks €1.25 Billion in Long-Awaited IPO
- Firm to raise €250 million with existing holders also to sell
- Offering will test investor appetite for buyout firms’ shares
CVC Capital Partners revived plans for an initial public offering in Amsterdam, seeking to raise at least €1.25 billion ($1.3 billion) with its investors in a listing that potentially paves the way for other private equity firms to go public.
The company aims to raise €250 million by selling new shares, while existing holders also plan to sell stock, the firm said in a statement Monday. None of the firm’s active employees are selling in the IPO, according to the statement.