About three decades ago, a group of Citigroup Inc. dealmakers including Donald Mackenzie, Steven Koltes and Rolly van Rappard left the Wall Street giant to strike out on their own. That decision has proved lucrative, with the trio now among the biggest winners of the long-awaited initial public offering of CVC Capital Partners.
Ex-Citigroup Buyout Barons are Big Winners in CVC s IPO bloomberg.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bloomberg.com Daily Mail and Mail on Sunday newspapers.
Citi Spinoff Mints $4 4 Billion Fortune for Europe Buyout Barons bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
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.
African elephant adventure at the Library - Shelter Island Reporter timesreview.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from timesreview.com Daily Mail and Mail on Sunday newspapers.