CVC-Backed FineToday Said to Weigh Sale After Another Pulled IPO

Japanese personal-care business FineToday Holdings Co. is considering selling a controlling stake after it canceled plans for an initial public offering again, according to people with knowledge of the matter.

The company, which is backed by CVC Capital Partners Plcand had intended to raise about $127 million in a Tokyo IPO, is starting to gauge interest from prospective bidders, including private equity firms and other industry players, the people said, asking not to be identified because the information is private. A transaction may value the company at about $1.5 billion, the people said.

FineToday canceled plans for a listing ...