CVC-backed Synsam postpones IPO – reports
CVC Capital Partners' Nordic optician chain Synsam has postponed its plans to list on the Stockholm stock exchange, according to Swedish publication Dagens Industri.
The paper reported that two of the reasons for the postponement are the stock exchange's 7.5% drop in May and the trade conflict between the US and China.
CVC acquired the business in 2014, drawing equity from CVC European Equity Partners V, in a transaction backed by a €283m debt package.
Synsam reported first quarter turnover of SEK 902m this year.
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