DKV Mobility, a fleet-services firm part-owned by CVC Capital Partners, is considering an initial public offering that could value it at more than 3 billion euros ($3.4 billion), people familiar with the matter said.
The company has issued more than 5 million cards to commercial drivers across Europe that can be used to pay for everything from fuel to tolls. Transaction values topped 9 billion euros in 2020, according to DKV’s website. It employs more than 1,300 people.
The deliberations come as another private equity firm, Inflexion Private Equity Partners, considers a potential 2 billion-pound ($2.7 billion) sale of U.K. fuel cards and telematics firm Radius Payment Solutions, Bloomberg News reported this week.
CVC, one of the oldest and most storied names in European private equity, has lined up banks for a potential IPO of its own that could value it at more than $20 billion.
Read more: Yahoo Finance
