Investment fund behind Douglas and Lipton goes public

NOS News•today, 03:35

Investment fund CVC is going public today. The company will trade shares in Amsterdam and hopes to raise more than a billion euros in investments.

The fund itself is not very well known, but it is a very major player in the financial world. The company has invested in more than 120 companies worldwide.

Among the brands that fall under CVC are perfumery chain Douglas and tea brand Lipton. The latter brand took over the fund from Unilever in 2021. CVC has also invested in various sports divisions, such as the Spanish football league and women’s tennis.

In the Netherlands, the fund has a majority share in AnQore, a chemical supplier located on the Chemelot site in Geleen.

CVC previously wanted to go public in Amsterdam, but that was postponed due to the war in Ukraine and subsequent tensions in the Middle East. The stock market was turbulent at that time and that is not a favorable situation for a company to raise money.

Cosmetics chain Douglas also went public this year, in Frankfurt. The IPO did not go as hoped, the company raised less money than it wanted to raise.