CVC Capital Partners’ decision to delay the $2.5bn initial public offering of motor racing company Formula One is the latest in a string of frustrations for private equity-backed IPO attempts over the last two years.

After a quiet 2009 - following the collapse of investment bank Lehman Brothers in late 2008 - firms lined up to list assets in early 2010 and early 2011. But many efforts have proved fruitless. Here, Financial News tracks the successes and disappointments of the buyout industry's fractious relationship with the public markets.