PRINT THIS PAGE BC Partners more than doubles its money with C&C Group IPO14/05/2004. Source: AltAssets. 
 BC Partners is expected to more than double its money with the flotation of Irish drinks manufacturer C&C Group. The private equity firm and its co-investors invested a total of E300m into the company, which it acquired from Allied Domecq in 1999.
The initial public offering raised E389m, with the investors retaining a 38 per cent stake worth E274m. BC Partners had initially planned to float the company in 2002, but was forced to abandon its plans until now.
The C&C flotation is one of a number of high profile private equity-backed IPOs to hit the headlines in recent weeks. Among those firms preparing to float are Doughty Hanson, which is manovering into position to exit German Auto-Teile-Unger in a E1.5bn IPO on the Frankfurt Stock Exchange and Kohlberg Kravis Roberts, which is preparing to float German Wincor Nixdorf.
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