CVC Capital Partners co-Chairman Steve Koltes will step down this year as Europe’s biggest buyout firm prepares for a stock market listing that a source familiar with the matter told Reuters could value it at more than $22bn.
In preparation for the IPO, CVC brought in outside capital in September when it sold a stake of roughly 10% to investment firm Blue Owl Capital in a deal that valued the company at $16.7bn.
CVC, with $125 billion of assets under management, has been one of the most active investors during the pandemic, buying Unilever’s tea business for 4.5 billion euros in November and then clinching a 1.9 billion euro deal to invest in Spain’s top soccer league in December.
It is also one of the bidders in talks for a stake worth some 1.5 billion euros in the French soccer league’s media rights business, four sources told Reuters in December.
Read more: Reuters
