Private equity firm CVC postpones IPO plans, FT reports

European private equity firm CVC Capital Partners, which previously delayed its plans for an initial public offering in the aftermath of Russia’s invasion of Ukraine last year, now has decided to postpone its IPO until next year amid market turbulence, according to Financial Times’ Will Louch and Kaye Wiggins. Poor recent earnings from publicly traded peers EQT and Blackstone (BX), the uncertainty caused by conflict in the Middle East and concerns about the state of the wider economy all contributed to the decision to push out the IPO, a person with knowledge of the decision told FT. Other publicly traded private equity companies include KKR (KKR), Carlyle Group (CG) and Apollo Global (APO).