Deals
CVC Weighing Options for Funeral Provider Nirvana Asia
- Buyout firm is working with an adviser on the potential deal
- CVC seeking enterprise value of close to $2 billion for firm
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CVC Capital Partners is weighing options for Nirvana Asia Ltd., including a sale that could give the bereavement services company an enterprise value of close to $2 billion, according to people with knowledge of the matter.
The buyout firm is working with a financial adviser on the strategic review, said the people, who asked not to be identified as the process is private. While a sale is preferred, CVC Capital is also considering options such as an initial public offering or a private funding round, the people said.