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LONDON (Reuters) – Europe’s biggest private equity firm, CVC Capital Partners, is working towards a long-awaited initial public offering in November, a person familiar with the matter told Reuters on Tuesday.
A final decision on timing has not been made and could change, said the person, who was speaking on condition of anonymity because the plans remain private.
A spokesperson for CVC was not immediately available for comment.
A listing this autumn taps into bolstered sentiment for IPOs following the successful IPO of chip designer Arm Holdings (NASDAQ:ARM) in the U.S.
CVC is planning its listing in Amsterdam, the person said.
The IPO would mark one of the biggest from the European private equity sector, with CVC valued at around $15 billion after selling a minority stake to Blue Owl Capital Inc in 2021, according to Bloomberg News, which reported on the plans earlier on Tuesday.
The company manages about 90 billion euros ($96.1 billion) of private equity assets and its credit platform has 38 billion euros in assets, according to its website.
($1 = 0.9362 euros)
