Recent market jitters haven’t deterred CVC Capital Partners from its plan to go public, with the European private equity major said to be close to finalising details of what would be the largest IPO in Europe this year, according to a report by Reuters.
The report cites unnamed sources with knowledge of the matter, as revealing that CVC could unveil its intention to float in Amsterdam in the coming days. An exact timeline has yet to be set though, and the announcement may yet not be made until next week, according to Reuters’ sources.
Previous Bloomberg reports suggested that CVC, which was valued at around $15bn when it sold a minority stake to Blue Owl Capital in 2021, may start trading in November, although the firm may decided to delay, should market conditions worsen, according to the sources.
CVC, which is one of Europe’s best known buyout firms with more than €160bn ($169bn) under management, according to its website, raised €26bn in July for the world’s biggest-ever buyout fund.
