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CVC Moves to Sell FineToday After Shelved IPO
THE WHAT? CVC Capital Partners is exploring a sale of Japanese personal care company FineToday after postponing its planned Tokyo IPO. THE DETAILS FineToday delayed its listing in October after targeting a valuation of around ¥169 billion (US$1.08 billion), below earlier expectations. Sources say CVC is now seeking a valuation of over US$2 billion,…