CVC hires leveraged finance specialist

The European buyout firm has appointed David Wood, Deutsche Bank’s former co-head of leveraged finance.

CVC Capital Partners has continued to bolster its leveraged finance expertise with the appointment of David Wood, who joins later this month.
 
Wood will work alongside partner Marc Boughton in the London office. In February, the firm appointed Alexander Fotakidis, a former leveraged financier at investment bank CIBC World Markets.
 
Wood was co-head of European leveraged finance at Deutsche Bank for the past six years. Prior to that, he worked as a senior banker in acquisition finance at JP Morgan.
 
CVC said Wood has worked within the leveraged financing and banking market for over 30 years in total, and has been involved in a number of its transactions during that period, including the €1.5 billion ($1.8 billion) acquisition of Ruhrgas, the metering unit of German utility Eon, last June.
 
Other CVC deals Wood has worked on include BASF Inks, Inalta, Kappa Packaging and Lecta.
 
Last week, CVC completed its acquisition of motor racing business Formula One through the purchase of a remaining interest from Lehman Brothers. The firm’s European arm is currently investing from CVC European Equity Partners IV, which closed on €6 billion ($7.25 billion) in July of last year.