CVC Hires Goldman Sachs to Prepare IPO, Times Reports

(Bloomberg) -- CVC Capital Partners is working with Goldman Sachs Group Inc. on a stock-market listing, The Sunday Times reported, without saying where it got the information. 

Bloomberg News reported previously that the buyout firm has been informally discussing the idea of an IPO after the successful listings of Bridgepoint Group Plc and EQT AB, though no decision has been made, people familiar with the matter said at the time.

CVC has not mandated any banks and is not actively preparing a listing, people familiar told Bloomberg News on Saturday. The firm continues to discuss internally the option of a listing and several banks have approached the firm with proposals, but nothing has been decided, the people said.

The buyout firm agreed in September to acquire secondary buyout specialist Glendower Capital and also lined up a minority stake sale to Blue Owl Capital Inc. at a $15 billion valuation. The fresh investor and acquisition were seen as CVC paving the way for a future IPO, the people said. 

Representatives for CVC and Goldman Sachs declined to comment on a potential IPO or mandates.

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