The buyout giant CVC Capital Partners has picked a veteran partner to spearhead a $15bn (£11bn) stock market listing that will underline the resurgent trend of private equity firms selling shares to public investors.
CVC manages roughly $125bn in assets and would join the likes of Blackstone and KKR – both of which are listed in New York – as publicly traded private equity firms.
Last week, TPG was valued at more than $10bn after floating in the US, while other listed buyout firms include Bridgepoint, which launched a successful listing last year.
Read more/Source: Sky News
