Private Equity Professionals

CVC forms US advisory board

The London-based firm, which already has CEO-heavy advisory boards in Europe and Asia, has rounded up the former chiefs of Hilton, Burberry and Saks to advise on US deals.

-

CVC Capital Partners has formed a US-based advisory board to help the firm develop investment opportunities in the US.

The new board will assist CVC professionals in the firm’s New York office, which opened in 2007. The US office is headed up by Christopher Stadler, managing partner.

The firm’s board members are Stephen Bollenbach, former Hilton chief executive; Rose Marie Bravo, former chief executive and vice chairman of Burberry, a London-based international luxury goods company; and Brad Martin, former chairman and chief executive of Saks Holdings.

London-headquartered CVC already has UK- and Asia- based advisory boards that help find investment opportunities in those areas, the firm said.

“Our advisory boards in Europe and Asia have been invaluable in the introduction of investment opportunities, providing insight into industry trends and issues as well as operational expertise,” Chris Stadler, managing partner of CVC’s New York office, said in a statement.

CVC, founded in 1981, manages about $46 billion (€32 billion) in private equity funds globally. The firm closed its fifth buyout fund on €12.1 billion in March 2008.