Europe’s biggest private equity group now expects to list this autumn or even in 2023
Europe’s biggest private equity group CVC Capital Partners has pushed back plans for a stock market listing in the first half of this year, with market turbulence standing in the way of a multibillion-euro flotation that it had hoped to carry out in June.
CVC plans to float just 10 per cent of its business, one of the people said. The group was valued at about €15bn last year when it agreed to sell a minority stake to Blue Owl’s Dyal Capital unit.
Markets have been roiled by inflation, interest rate rises, slowing growth and the war in Ukraine, bringing an abrupt halt to a hot market for IPOs. Less than $3bn has been raised in traditional IPOs in Europe so far this year, compared with $32.7bn in the same period last year, according to data from Dealogic.
Read more: FT
