CVC makes seven senior promotions(2)

CVC Capital Partners has promoted Marc Boughton, head of its Cordatus debt management division, to managing partner, and also promoted six other dealmakers in its European offices.

CVC Capital Partners has rewarded some of the team behind its biggest year of dealmaking to date, with a series of internal promotions.

The most senior is Marc Boughton, who becomes a managing partner of the firm based in London. Boughton runs CVC’s international finance and advisory team, and was also behind last year’s launch of Cordatus, CVC’s debt management business.

Boughton, who joined CVC in 1995 after qualifying as a chartered accountant with PwC, becomes the tenth managing partner in the firm, and only the fifth non-founder to reach that level.

Elsewhere there have been four promotions to managing director. Two are in Spain, reflecting CVC’s success in the Spanish market. There is another in the UK, and a fourth in Boughton’s international team.

Inaki Cobo and Jose Antonio Torre de Silva, the two promotions in the Spanish office, have between them worked on all of CVC’s big deals in the Iberian region. Cobo, who joined CVC in 1998 from Santander, has worked on deals including Itevelesa, El Arbol and Gruppo Zena. Torre de Silva, who was a banker with Paribas before joining the firm 2002, worked on Dorna, Mivisa and Cortofiel.

In the UK, Nick Clarry, who joined from Morgan Stanley in 2003 and sits on the board of Formula One and Allsports Management, also becomes a managing director. Hugh Briggs, who joined CVC’s International team from buyout firm MidOcean Partners in 2004 and is on the board of Smurfit Kappa and Elster Group, has also been promoted.

There are two other promotions in CVC’s European offices. Gregor Hilverkus, a former entrepreneur who founded and ran music company Ecapella before joining CVC in 2001, becomes a director, as does Pietro Masera, a former banker with Deutsche who has worked on a number of CVC’s Italian transactions, including SEAT.