Private Equity Group CVC Plans €1.25bn Amsterdam Float

About CVC Capital Partners' Amsterdam Float

One of Europe’s top private equity firms, CVC Capital Partners, has announced their plans to conduct an initial public offering (IPO) in Amsterdam, intending to raise over €1.25bn (£1.1bn). The company currently manages €186bn of assets, including a stake in the Six Nations and Lipton Teas.

Highlights of the IPO

The company will proceed with the IPO on the Euronext market in Amsterdam. Within this financial move, CVC has aspirations to raise €250m through new share sales. While existing investors have also prepared to sell stock, it has been affirmed that company employees will not be selling in the IPO.

Company Valuation

It has been reported by Bloomberg that CVC is seeking a valuation between €13bn and €15bn. The company, a well-established buyout group in Europe, has recently invested in noteworthy brands like Lipton Teas and the Swiss watchmaker, Breitling. They also hold stakes in media rights for La Liga, Spain's premier football league.

Previous Market Status and Future IPO

CVC contemplated going public in May 2022 and November 2023, but decided to postpone the process because of market uncertainty, which did not deter competitors such as Blackstone, EQT, Bridgepoint, and KKR who have already gone public. The company will now join them in listing, encouraged by the recent substantial rise in share prices of their rivals. Major shareholders who will sell shares under the IPO include the Kuwait Investment Authority, the Singaporean Sovereign Wealth Fund GIC, and the Hong Kong Monetary Authority.

Investment from Blue Owl Capital

Blue Owl Capital, which currently possesses an 8% stake in the company, has shown interest in augmenting its stake by purchasing a minimum of 10% of the shares that become available after the IPO.

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