Private Equity Shouldn’t Be Greedy in IPOs, BC Partners Says

Private equity firms should compromise on valuation and leave money on the table for new listings to succeed in what is currently a “buyer’s market,” according to asset manager BC Partners.

“As private equity owners, we need to make sure that we leave some runway and we don’t try and squeeze every last dollar at IPO,” said Nikos Stathopoulos, Europe chairman, in an interview.

His comments come after BC Partners-backed Springer Nature AG & Co KGaA debuted on the Frankfurt Stock Exchange earlier this month, in Europe’s first sizable initial public offering of the autumn season.

Supported by ...