Assuming shares are priced at the midpoint, CVC and its shareholders will raise up to 1.8 billion euros in proceeds through the sale of new and existing stock, according to a deal term sheet seen by Reuters.
CVC has been looking to launch an IPO for some time but aborted a previous attempt in November due to unfavourable market conditions.
Since then, Europe has seen a string of companies go public, taking advantage of higher stock prices and improving investor sentiment.
Spanish beauty group Puig is currently attempting an IPO in its home market.
New listing performance, however, has been mixed. Last month Galderma saw its shares soar on its market debut, while CVC-backed perfume retailer Douglas has traded below its issue price.
Source:Reuters
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