CVC boosts team in Australia

CVC Asia Pacific has promoted Adrian Warner, who helped in setting up the private equity firm’s Australian operations in 2001, to managing director.

CVC Asia Pacific has promoted Adrian Warner, a director in its Australian office, to managing director. He joined CVC in 2001, and played an important part in setting up the firm’s operations in Australia.
 
Before CVC he worked for Pacific Equity Partners, an Australian private equity firm founded by former Bain consultants. Warner’s career in private equity started with AEA Investors in New York, in 1994.
 
Warner said: “Our competitive advantage lies in our ability to do larger transactions, either solo, or in partnership with the likes of Carlyle and CCMP. We know them well, and may work together with others.”
 
CVC partnered Ironbridge Capital, an Australian private equity firm, in bidding in the high-profile auction for the Australian and New Zealand waste management businesses of Brambles Industries, a global support services group. KKR won the auction with a $1.35 billion bid.
 
“We are working on a number of things at the moment that may amount to interesting deals. Some of the deals are proprietary, and some, through upcoming auctions,” Warner said.
 
Warner played a key role in “early ground-breaking deals such as Pacific Brands and Affinity Health,” according to a statement by CVC.
 
In June, CVC concluded the largest buyout deal across Asia in the $3 billion buyout of Skylark, Japan’s largest restaurant chain, in a public-to-private transaction.