UK tyre fitters Kwik-Fit gear up for IPO - paper

Newswire

LONDON, Feb 20 (Reuters) - Kwik-Fit, the British car tyre and exhaust business, has lined up investment banks to advise on a potential sale or flotation that would value the firm at over 700 million pounds ($1.3 billion), the Sunday Times reported. The report said Kwik-Fit owners, the European private equity firm CVC Capital Partners, expected to appoint advisers within weeks. CVC had not committed itself to a flotation and would pursue an outright sale if there was enough interest, the ...

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