CVC Capital Partners, a Luxembourg-based private equity group, aims to raise €1.25 billion through a listing in Amsterdam in the coming weeks involving both new and existing shares.

The company, founded over 40 years ago, officially confirmed its plans on Monday, after two earlier attempts failed because of volatility on the financial markets.  The company has €186 billion in assets under management and invests in companies, debt and infrastructure.

CVC has a workforce of 1,154 people, of whom 174 are shareholders. They are not selling shares through the IPO and have to wait three to five years before they can do so.

“We remain completely focused on the continued success of CVC, and neither I nor any of my active partners are selling shares as part of this transaction,” said chief executive Rob Lucas in a statement.

In total, almost 75% of the shares are in the hands of staff and former staff, while institutional investors have 26%.

CVC currently owns 120 companies around the world, including former DSM subsidiary AnQore and trust company TMF in the Netherlands. It has also recently bought stakes in big brands such as Lipton Teas and the Swiss watchmaker Breitling, and has an interest in the media rights for La Liga, Spain’s top football league.