CVC wants to raise 1.25 billion euros with an IPO

The European investment company has issued a statement of intent about this. The IPO is expected to take place in the coming weeks, depending on market conditions, CVC said.

The Luxembourg-based CVC has approximately 186 billion euros in investments under management. The company also owns the former tea division of Unilever and the well-known Swiss watch brand Breitling.

In Belgium, CVC owns almost a quarter of the HR service provider SD Worx. It also has stakes in the gaming group Gaming One (55%) and the aluminum profile producer Corialis (ex-Aliplast). The Flemish Geert Duyck is one of the managing partners of CVC. The Brussels office is headed by Steven Buyse, Duyck’s right-hand man.

CVC says that the IPO consists of the sale of new shares worth approximately 250 million euros and the sale of shares by existing shareholders. According to CVC, this will involve a minimum amount of 1.25 billion euros in total.

The investment firm, founded in 1981, says the IPO will help with further growth. The stock exchange listing should also provide access to the capital markets and greater awareness of the company for customers and when attracting staff. CVC has more than 1,150 employees.