CVC is studying a 15 billion IPO
CVC is examining a 15 billion euro initial public offering. According to rumors from Sky News, the British private equity fund is working on its third attempt to go public, after two failures in 2021. The target is Amsterdam, with a floating share of 15%. This move it would represent the third attempt at listingwhich the fund has been chasing since 2021, as part of its asset diversification strategy.
If the IPO takes place, it is estimated that the company will put approximately 15% of the shares on the market, to which will be added another minority stake already in the hands of Blue Owl from 2021. CVC, known for having been the owner of the Formula 1 before selling it to Liberty Media in 2017, it also owned stakes in companies such as British retailer Debenhams and companies such as AA and Saga.
Its current portfolio also includes large holdings in rugby union and holiday parks Away Resorts. Latelyacquired the developer of the Runescape video game franchise, Jagex. In 2021 it launched a €26 billion buyout fund, the largest vehicle of its kind in the world.
A spokesperson for CVC confirmed that the IPO could be launched within 10 days, but specified that it would depend on actual investor demand. Founded in 1981, CVC Capital holds investments in some of the UK’s most renowned companies, including the commercial rights to the Six Nations rugby tournament and other major sporting events.