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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation, Market

F1 snubs sovereign wealth funds in IPO race

Posted on 30 May 2012

The owners of Formula One motor racing are shunning ultra-wealthy government-backed investment funds as they attempt to sell billions of pounds worth of shares in the sport, sources said Tuesday.
The bankers working for CVC Capital Partners, F1’s controlling shareholder, held talks in the last week with dozens of potential investors as F1 races towards a Singapore flotation that will value it at more than £6.5 billion ($10 billion)………………………………………..Full Article: Source


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