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CVC-Backed Fleet Services Firm Weighs IPO at $3.4 Billion Value

  • DKV Mobility said to work with financial adviser on share sale
  • CVC agreed to buy 20% stake in German business in 2018

DKV Mobility, a fleet-services firm part-owned by CVC Capital Partners, is considering an initial public offering that could value it at more than 3 billion euros ($3.4 billion), people familiar with the matter said. 

The German company is working with an adviser to evaluate a potential listing in the second half of the year, the people said, asking not to be identified discussing confidential information. It has asked banks to pitch for roles on the deal, according to the people.