CVC lines up Goldman, JPMorgan, Morgan Stanley for IPO

A EUR 4.5bn tea deal has contributed to making a potential initial public offering one of the biggest-ever floats of a private equity firm in the UK.

Photo: Mike Segar/Reuters/Ritzau Scanpix

CVC Capital Partners, one of the oldest and most storied names in European private equity, has lined up banks for a potential initial public offering that could value it at more than USD 20bn, people familiar with the matter said.

The buyout firm plans to work with Goldman Sachs Group Inc., JPMorgan Chase & Co. and Morgan Stanley on the stock-market listing, said the people, who asked not to be identified discussing confidential information. It is considering selling shares in London in the second half of the year, the people said.

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