Europe’s biggest private equity firm CVC Capital Partners is planning to shun London and take its multibillion-euro initial public offering (IPO) to the Netherlands.
The buyout firm has told potential investors it is aiming to list on Amsterdam’s Euronext exchange and is targeting 25 billion euros for its next private equity fund, the newspaper said here, citing four people familiar with the matter.
No final decisions have been made about the listing or its timing, and it will depend on developments in the war in Ukraine and their consequences for markets, the report said.
Get the week’s top news delivered directly to your inbox – Sign up for our newsletter
A CVC spokesperson declined to comment on the matter when contacted by Reuters.
The private equity firm is looking to go public in the second half of the year with Goldman Sachs, JPMorgan and Morgan Stanley working on the plan.
CVC Co-Chairman Steve Koltes is set to step down this year, remaining on its board in a non-executive capacity.
Source: Reuters
Can’t stop reading? Read more
Blackstone taps bond market as private credit BDCs end issuance drought
Blackstone taps bond market as private credit BDCs end issuance drought Blackstone's private...
EQT raises the stakes with revised $12.3bn bid for Intertek
EQT raises the stakes with revised $12.3bn bid for Intertek EQT has tabled an improved takeover...
Temasek’s Azalea bets on evergreen structure to democratise private equity access
Temasek's Azalea bets on evergreen structure to democratise private equity access Azalea, a unit...