CVC pulls sale of D&G; reports

The decision is due to "a lukewarm response from public and private market investors", according to Sky News, which also reported that the GP was aiming for a valuation of around £1.2bn.

The business was in the midst of a process that had seen some sponsors submit bids with others shying away due to the price being sought, the publication said.

CVC acquired D&G alongside management for a reported £750m in 2013, in a secondary buyout from Advent International. The GP is invested in the business via 2008-vintage CVC European Equity Partners V.

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• Topics
• Exits
• UK / Ireland
• Financials
• United Kingdom
• CVC Capital Partners
• IPO
• Secondary buyout
• Trade sale