CVC Capital

Teneo is handling the initial public offering of CVC Capital Partners, one of Europe’s largest private equity firms.

The IPO, which had been delayed twice due to Russia’s invasion of Ukraine and the outbreak of Israel/Hamas war, is expected to raise more than $1.3B.

Rob Lucas, CVC CEO, said the IPO “provides an enduring long-term institutional structure to further future growth.”

Neither Lucas nor any active partners are selling shares as part of the transaction.

CVC shares will trade on the Euronext Amsterdam market.

The Luxembourg-based company has nearly $200B in assets under management and 29 offices in five continents.

Teneo senior managing director Tom Murray represents CVC.