Citi spinoff mints $4.4 billion fortune for Europe buyout barons
CVC Capital Partners founders Mackenzie, Koltes, van Rappard are top beneficiaries of the recent IPO, valuing the firm at $4.4 billion. Van Rappard continues as chairman, while CEO Lucas and managing partner de Jaime Guijarro hold significant stakes. Beyond allowing the founding partners to cash out part of their wealth in the closely held business, CVC's listing is also fueling hopes of a rebound in Europe's IPO market, even though a full-blown recovery in listings isn't fully expected until next year.