CVC is exploring a take-private of Verisure, according to a report, about a year after Hellman & Friedman floated it in Stockholm at a valuation of about 13.7 billion euros. Hellman & Friedman still owns about 44%.
A private equity firm listed Verisure a year ago. Another may now take it private.
CVC is exploring a bid to take Verisure private, according to a report on Wednesday. The interest is at an early stage, and there is no certainty of a deal. CVC, Hellman & Friedman and Verisure declined to comment.
Verisure listed in Stockholm in October 2025 at 13.25 euros a share, valuing it at about 13.7 billion euros. Its shares now trade about 30% below that price. Hellman & Friedman remains the largest shareholder, with about 44% of the company.
Why an IPO becomes a target
Public investors have marked Verisure down about 30% from its debut, and a rival sponsor may believe the business is worth more in private hands than the stock market currently pays. Any offer would need a premium to the current price, but it could still land below the IPO valuation.
That is the uncomfortable part for Hellman & Friedman. With about 44% of the company, it is the swing holder. Selling into a bid below the IPO price would crystallize a lower value than the one it set a year ago; rolling its stake into a new private structure would extend a holding it had begun to exit. Its stance has not been disclosed.
What it says about exits
If Verisure ends up back in private hands within about a year of its listing, it would be evidence that public markets are not yet giving buyout firms clean exits, and that a sale to another sponsor can look better than waiting for the stock to recover.
What is not known
No price, structure, co-bidders or financing has been reported, and Swedish takeover rules would set the timetable for any formal offer.
What to watch
A statement from Verisure or CVC; Hellman & Friedman's position; and the share price reaction in Stockholm on Thursday.