CVC Capital Partners, co-owner of the RAC, Moto motorway services and both the Six Nations and Premiership Rugby, is pushing ahead with plans for an initial public offering (IPO) as early as November, according to reports.
Bloomberg said the Luxembourg-based private equity and investment advisory firm could follow the recent high profile listings of chip designer Arm Holdings and sandal maker Birkenstock.
Citing people with knowledge of the matter, Bloomberg said CVC is preparing to kick off its IPO and is discussing plans to unveil its intention to float in Amsterdam in the coming days.
It hasn’t yet set an exact timeline and the announcement could spill into next week, the report said.
Previous reports have suggested the the firm could start trading in November, valued at around US$15 billion.
CVC is one of Europe’s best known buyout firms and manages more than €160 billion, according to its website, with investments including buying a 27% stake in the English professional rugby union competition, Premiership Rugby, for £230 million and a 14.3% stake in Six Nations Rugby.
It raised €26 billion in July for the world’s biggest-ever buyout fund and has also been diversifying its business into new areas, including infrastructure and secondaries.