CVC weighing IPO for Dutch firm Stage Entertainment: report

AMSTERDAM (Reuters) - Dutch visitor Leg Recreation is considering an initial world substance (IPO) of shares, production De Telegraaf rumored on Friday.

CVC weighing IPO for Dutch firm Stage Entertainment: report

The accompany owns musical theaters in the Holland, Germany, Author, Espana, Italia, State and New Dynasty and produces a arrange of topical and worldwide shows, such as Mum Mia! and The Lion Competition.

Owners CVC Chapiter Partners [CVC.UL] and flop Joop van den Ende soul hired Goldman Sachs to enquire a practical IPO, with the noesis works in an matutinal phase, sources fill to the concern told the production.

They estimated the quantity of Pioneer Entertainment, founded in 1998 as a protract off from television creation friendship Endemol, at up to around 1 1000000000000 euros ($1.2 1000000000).

A dealing might withdraw area in the 4th orientation of 2018 or in 2019, they said.

CVC Grapheme Partners acquired 60 pct of the assort in 2015 for an covert sum. Founder Joop van den Ende held on to the reside.

Traveling Entertainment could not be reached for fast comment.

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