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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.
Longacre Square Partners represents Ancora Holdings as it urges the board of Big Yellow Group to conduct a strategic review of the UK’s No. 1 self-storage company.
Kekst CNC handles Getty Images as it begins a prepackaged Chapter 11 reorganization and receives a commitment from Koch Equity Development and the Getty family to invest $533M in the visual content company.
As capital concentrates among established firms, emerging managers must find new ways to earn investor confidence.
Teneo handles True Food Kitchen as the Scottsdale, AZ-based wellness food restaurant chain that counts Oprah Winfrey as a minority investor files for Chapter 11.
FGS Global and Teneo represent Canada’s billionaire Weston family as its Wittington Investments holding company acquires Boots Group, the 177-year-old UK health & beauty retailer, from Sycamore Partners for $8.9B.
