The international law firm Freshfields Bruckhaus Deringer is providing guidance to Buyout giant, CVC Capital Partners, as the firm announces plans to raise €1.25 billion (approximately $1.3 billion) via a public listing in Amsterdam. The firm will be guided by a team of partners led by Charles Hayes, Christopher Mort, David Sonter, Hanneke Rothbarth, and Tom Godwin.
Notably, this marks CVC’s second attempt to launch an IPO within the last six months – an action that might set a precedent for other private equity firms contemplating going public. The firm aims for a valuation between €13 billion to €15 billion, as noted by Bloomberg News.
Private equity firms have recently faced challenges to liquidate investments given the sluggishness of the mergers and acquisitions market. Consequently, the initial public offering market too has been slow, pushing companies to consider cornerstone investors to bolster their plans.
CVC Capital Partners is a prominent player in the European buyout sector, managing about €186 billion of assets with stakes in companies such as Swiss watchmaker Breitling and Neptune Energy Group, among others.
For more details, find the original report on Bloomberg Law.