CVC Capital Partners, a leading European private equity firm, is reportedly strategizing its initial public offering (IPO) amidst the current turbulent equity market, according to insiders. The firm, which manages over €160 billion ($169 billion), is finalizing its listing plan as of Tuesday.
The company is planning to go public on the Amsterdam exchange, although the exact timeline remains unconfirmed. The IPO could potentially commence trading as early as November, depending on market conditions. This could make it one of the most significant buyout firm listings in the region and possibly the largest IPO in Europe this year.
The decision to go public comes after CVC sold a minority stake to Blue Owl Capital Inc., elevating its valuation to $15 billion. The firm's substantial market footprint and robust position are demonstrated by this impressive valuation.
However, these plans are unfolding in a shaky listings market affected by underperforming IPOs such as Arm Holdings (NASDAQ:ARM) Plc and Birkenstock Holding Plc. Additionally, there have been disruptions in global stock markets due to escalating conflicts in the Middle East.
Despite these challenges, CVC Capital Partners appears undeterred. Insiders suggest that their strategic move to leverage the platform offered by the Amsterdam exchange is primarily aimed at growth and expansion. However, given the uncertain timeline, the official announcement may be postponed until next week.
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