CVC hires senior MidOcean pro

Hugh Briggs, formerly of MidOcean Partners, is joining the London-headquartered firm as a director to work on cross-border deals.

European private equity firm CVC Capital Partners has appointed Hugh Briggs as a London-based director.

Briggs, who will be part of the firm’s international team, joins from London and New-York based private equity house MidOcean Partners. A source close to the firm said that Briggs will have no specific remit, but will cover cross-border transactions.

At MidOcean, Briggs was involved in a number of high-profile deals, including the acquisition and disposition of Center Parcs Europe and the £654 million (€933 million; $1.2 billion) sale of Laurel Pub Company’s managed pub division to Greene King in August this year.

Before joining MidOcean, Briggs spent five years working in leveraged finance at Citigroup and Credit Suisse First Boston.

Commenting on the appointment, CVC partner Marc Boughton said in a statement: “We are delighted that Hugh has joined the International Team and we will be drawing on his experience as we assess new opportunities in the future.”

In September, CVC acquired the printing inks and printing plates unit of Germany’s BASF for a sum reported to be between €600 and €700 million.

In July, a consortium comprising CVC and London-based Permira agreed to acquire UK roadside assistance provider the Automobile Association for £1.75 billion.

Having closed its most recent European fund in 2001 on $4 billion, the firm is expected back in the fundraising marketplace in 2005.