Six Nations part-owner CVC valued at €14bn after shares sale

CVC Capital Partners said Friday's shares sale was oversubscribed multiple times

The Six Nations firm, which is controlled by the rugby unions, three years ago sold a 14% stake in the tournament and the autumn international rugby series to CVC for €423m.

Shares of private equity group CVC Capital Partners gained as much as 25% on their first day of trading in Amsterdam in what shapes up to be one of Europe's largest initial public offerings this year.

CVC — which is best known in Ireland for the minority stakes in the firm that owns the Six Nations rugby tournament and the English premiership — is now valued at around €14bn.