CVC considers Ahlsell IPO

CVC Capital Partners is considering an IPO of Swedish plumbing and electrical products supplier Ahlsell, Reuters has reported. It is thought the company could fetch as much as €3bn on the public markets.

CVC acquired Ahlsell for €1.8bn from Cinven and GS Capital Partners in May 2012, one of the largest buyouts in Europe of that year. 

Ahlsell is based in Sweden and has further outlets in  the Baltics, Denmark, Finland, Norway and Russia through which it offers a range of plumbing and electricals-related products and services to trade and retail customers. The business has turnover of approximately SKr20bn (€2.14bn) and about 4,500 employees.