Private Equity Tycoon Behind Group of Six to Share €10 Billion Wealth from Stock Market Listings

Dozens of the company's name partners will share a €10 billion (£8.5 billion) fortune after Six Nations owner CVC Capital unveiled plans to go public.

CVC, which used to own Formula 1 cars, will list on the Amsterdam Stock Exchange in a long-awaited IPO that could value the company at between €13 billion and €15 billion.

The company will raise €1.25 billion through the IPO, of which €1 billion will be sold by existing shareholders.

These shareholders include GIC, a Singaporean wealth fund, Kuwait Investment Corporation, a China-owned fund and several former CVC carry partners. The remaining €250 million will come from the IPO.

The prospectus, which will be published later this month, will state the proportion of shares to be sold by each existing shareholder.

Three-fourths of the shares of the company are owned by the present and former name partners, whose wealth in paper flour amounts to about ten billion euros.

CVC's current Chief Executive Officer, Rob Lucas, and other current employees will not be able to sell their shares in the company for up to five years.

CVC said that 174 employees currently hold company stock and none of them will cash out while the stock is outstanding.

The shareholding plans of CVC's founders, including Steven Koltes and former Google Carpet partner Donald Mackenzie, have not been disclosed.

Rob Lucas, CVC's Chief Executive Officer, said, "We believe that CVC's IPO will provide a durable, long-term structure to support the Company's further growth. We remain fully focused on the continued success of CVC, and neither I nor any of my active郃 partners will sell shares in this transaction.

CVC has owned some of the UK's best known businesses in recent years, including the AA and Debenhams. it currently owns RAC and Domestic & General.

In addition to the Rugby Six Nations, it owns the sports rights to the Spanish First Division, the French First Division and the Women's Tennis Association.

The group is one of the most prominent names in the private equity industry and one of the few European firms to compete with US groups such as Blackstone, KKR and Carlyle.

The acquiring company was founded in London 40 years ago and for many years was led by Mr. McKenzie as an executive name partner.

The company is making its third attempt to go public after being forced to shelve its IPO plans in 2022.

Blue Owl, the other major shareholder, is not pulling out of the deal and plans to increase its stake from 8% to 10%.

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