The British Private Equity and Venture Capital Association (BVCA) and the London Stock Exchange (LSE) commissioned Cass Private Equity Centre (CPEC) to assess the attractiveness of the London markets for private equity-backed initial public offerings (IPOs). The assessment is based on two key aspects of performance: First, the relative importance of different exit routes used by private equity firms for divestment of their holdings; and second, the initial and long-term aftermarket performance of private equity-backed IPOs.
