CVC co-founders have combined €2.6bn fortune, IPO prospectus shows

Trio include Donald Mackenzie, who is planning to sell shares worth up to €150m in private equity firm’s listingThree co-founders of CVC Capital Partners, the private equity firm that bought up and then sold Formula One, have built up a combined €2.6bn (£2.2bn) fortune, according to the company’s prospectus published ahead of its stock market float.Donald Mackenzie, 66, holds 7% of CVC’s shares that would be worth just over €1bn if the company achieves its €15-per-share price target when it lists its shares on the Amsterdam stock market on Friday. He is planning to sell shares worth up to €150m in the initial public offering (IPO), the company said in the prospectus. Continue reading...

Apr 22, 2024 - 22:30
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CVC co-founders have combined €2.6bn fortune, IPO prospectus shows

Trio include Donald Mackenzie, who is planning to sell shares worth up to €150m in private equity firm’s listing

Three co-founders of CVC Capital Partners, the private equity firm that bought up and then sold Formula One, have built up a combined €2.6bn (£2.2bn) fortune, according to the company’s prospectus published ahead of its stock market float.

Donald Mackenzie, 66, holds 7% of CVC’s shares that would be worth just over €1bn if the company achieves its €15-per-share price target when it lists its shares on the Amsterdam stock market on Friday. He is planning to sell shares worth up to €150m in the initial public offering (IPO), the company said in the prospectus. Continue reading...

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