UK CVC Capital Plans Listing on Dutch Stock Exchange

[Image source=AFP Yonhap News]

British private equity firm CVC Capital Partners is planning to list on the Amsterdam Stock Exchange in the Netherlands.

On the 19th (local time), major foreign media reported that CVC Capital is expected to formalize its initial public offering (IPO) process as early as next week.

A source stated that the listing date is still undecided, and if geopolitical uncertainties escalate due to the intensification of the Israel-Palestine conflict, the listing timing could be postponed.

Another source said that since the IPO was postponed once last year due to Russia's invasion of Ukraine, it is highly likely that the listing process will be pushed forward this time.

CVC Capital plans to publicly sell a 10% stake. It is expected that existing shareholders such as Singapore's sovereign wealth fund Government of Singapore Investment Corporation (GIC), Kuwait Investment Authority, Hong Kong Investment Authority, and U.S. asset management firm Blue Owl Capital will seek to exit their investments through this offering.

CVC Capital was valued at 15 billion euros (approximately 21.47 trillion KRW) in a private transaction two years ago.

The European IPO market has continued to stagnate due to prolonged high interest rates, geopolitical instability, and recession concerns. Just this month, French software company Planisware, German defense contractor Rheinmetall, and DKV Mobility, owned by CVC, have all postponed their listing procedures due to weak investor demand.

According to consulting firm PwC, based on funds raised, the scale of IPOs on European stock exchanges in the first half of this year was 3.8 billion euros, a sharp decline of 27% compared to the same period last year.