Six Nations backer plots stock market listing as global buyout industry booms
The private equity giant behind Six Nations rugby and RAC roadside rescue is planning a bumper float that could value it at more than $15 billion (£11 billion), The Sunday Times can reveal.
CVC, which is based in London and has $125 billion in assets under management, is understood to be working on a stock market listing with Goldman Sachs.
The possible move comes as private equity enjoys a global boom, with investors piling record sums into funds amid low interest rates and buyout firms swooping on household names such as the AA and Morrisons.
Private equity firms in the US, led by Blackstone and KKR, were first to break with tradition by selling shares to the public.
Read more/Source: The Times
