CVC Said to Talk to Banks on Sale of €2 Billion Spanish School

CVC Capital Partners has talked to banks as it explores options including a sale of Universidad Alfonso X El Sabio, a Spanish private university, according to people familiar with the matter.

The private equity firm could seek a valuation of as much as €2 billion ($2.2 billion) for the school if it goes ahead with a sale, the people said, asking not to be identified discussing confidential information. The discussions were at an early stage and there’s no assurance CVC will pursue a transaction, they said.

A spokesperson for CVC declined to comment.

CVC invested in UAX, as the ...