Amsterdam, 26 April, 2024 (GNP): In Amsterdam, CVC Capital Partners is starting its initial public offering (IPO) today. Through its initial public offering, the investment fund—which is well-known for supporting companies like Lipton and the cosmetics company Douglas—hopes to raise more than 2 billion euros.
CVC expects its Amsterdam IPO to rank among the biggest in Europe this year and has set the share price at 14 euros, with a range of 13 to 15 euros.
Unknown to most, CVC Capital Partners is a major player in the financial industry, managing assets worth over 186 billion euros and owning stakes in over 125 firms worldwide.
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Its notable assets include the high-end watch brand Breitling, the cosmetics store Douglas, and tea brands including Pukka, Tazo, and Lipton that were purchased from Unilever.
CVC has significant holdings in a number of industries in addition to consumer brands. Notably, it has focused on media rights and invested 2 billion euros in La Liga, the main professional football league in Spain, and 1.4 billion euros in Ligue 1, the top football league in France.
The AnQore company, a chemical supplier situated in Geleen’s Chemelot complex, is owned by CVC in the Netherlands.
Geopolitical unrest such as the confrontation between Russia and Ukraine and Israel’s actions in the Gaza Strip, had previously caused the IPO to be postponed.
