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TMF Group, the Dutch business services company, has abandoned its plans for an IPO on the London Stock Exchange in favour of a sale to CVC Capital Partners.
CVC will acquire TMF for EUR 1.75bn from DH Private Equity Partners, which has owned it since 2008.
Goldman Sachs and HSBC were global coordinators on the IPO, Barclays and Jefferies bookrunners.
TMF had billed its flotation as a vote of confidence in the UK, despite its decision to leave the European Union. It said when the deal was launched that it would move its headquarters from Amsterdam to London once it was listed on the London Stock Exchange.
The plans to move headquarters...