Private equity giant CVC eyes $15bn blockbuster float

Private equity firm CVC Capital Partners is working on a possible float that could value it at more than $15bn.

CVC, which is based in London and has $125 billion in assets under management, is understood to be working on a stock market listing with Goldman Sachs.

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The possible move comes as private equity enjoys a global boom, with investors piling record sums into funds amid low interest rates and buyout firms swooping on household names such as the AA and Morrisons.

Private equity firms in the US, led by Blackstone and KKR, were first to break with tradition by selling shares to the public.

Source:  The Times

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