L Catterton Hires Goldman, Morgan Stanley for Possible $3bn Summer IPO
L Catterton, the private equity firm backed by French billionaire and LVMH chief Bernard Arnault, is said to be considering an initial public offer this year that could value the firm at $3bn or more. The PE firm recently hired Goldman Sachs and Morgan Stanley to lead an IPO that could happen this summer, according […]
MeinAuto drives for $1 billion sale after scrapping IPO
German online car dealer MeinAuto is preparing to put itself up for sale after being forced to scrap plans for a stock market listing last year amid an industry downturn, according to four sources familiar with the matter. Hg aims to get up to 1 billion euros ($1.13 billion) in a sale, according to two […]
Exclusive-KKR explores sale or IPO of cybersecurity consultant Optiv
Buyout firm KKR & Co Inc is exploring a sale or an initial public offering for Optiv Security Inc, a U.S. cybersecurity solutions distributor and consultant it controls at a valuation of more than $3 billion, including debt, according to people familiar with the matter. KKR has held discussions with investment banks about how to […]
CVC co-founder Koltes to step down as firm gears up for bumper listing
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 […]
SoftBank-backed Gopuff hires banks for IPO
Gopuff, the SoftBank Group Corp -backed delivery startup that was valued at about $15 billion last year, has tapped banks to lead preparations for a U.S. initial public offering (IPO), people familiar with the matter said on Tuesday. U.S.-based Gopuff, which operates in 1,000 cities in the United States and Europe, is working with Morgan […]
CVC-Backed Fleet Services Firm Weighs IPO at $3.4 Billion Value
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 […]
Private equity sidesteps IPO parade by borrowing billions
Debt placements total more than $9bn for firms including Vista and Warburg Pincus A succession of private equity firms are going public. But another group has been raising capital more discreetly — by selling record amounts of debt. The industry’s biggest privately held firms raised at least $9bn through debt sales last year to invest […]
Asian Private Equity Firm PAG Weighs Hong Kong IPO
Asia-focused investment firm PAG is considering an initial public offering in Hong Kong, according to people with knowledge of the matter, in what would be one of the biggest listings by a buyout firm in the region. PAG has been speaking with advisers about a potential listing, the people said, asking not to be identified […]
CVC Lines Up Goldman, JPMorgan, Morgan Stanley for IPO
European buyout firm CVC Capital Partners has lined up three Wall Street titans to arrange its potential initial public offering, according to people familiar with the matter. The private equity firm plans to work with Goldman Sachs Group Inc., JPMorgan Chase & Co. and Morgan Stanley on the stock-market listing, said the people, who asked […]
TPG’s Novotech Is Eyeing an IPO Again, After Gaining $3bn Valuation
Proceeds from the transactions will provide strong support to Novotech Holdings’ organic and inorganic growth strategies Novotech Health Holdings Pte. Ltd. today announced the completion of a financing round of US$760 million comprising a US$255 million private placement and a US$505 million refinancing transaction, setting itself as the leading Asia-Pacific biotech specialist Contract Research Organization to pursue further growth opportunities by M&A […]
