Leading businessmen Sir Ian Robinson and John Sunderland have been appointed to the UK advisory board at CVC Capital Partners, to advise the firm on deals in the UK.
Robinson, 61, has extensive experience in the utility and engineering sectors. He is currently chairman of Hilton Group, the international hotel and gaming business, a member of the Takeover Panel and a non-executive director of Siemens. His most recent senior executive post was as chief executive of Scottish Power from 1995 to 2001.
Sunderland, 58, has enjoyed a long career with Cadbury Schweppes, the £8 billion beverage and confectionery manufacturer. He joined the firm in 1968 and became chief executive in 1996 and then executive chairman in 2003. He is also non-executive director of Rank Group and deputy president of the Confederation of British Industry.
“They combine significant corporate experience in the utility, engineering and consumer goods sectors which will be invaluable as we assess new opportunities going forward,” said Michael Smith, chairman of CVC.
CVC’s advisory boards across Europe comprise senior industry professionals who bring sector and industry experience to the firm’s investment teams and portfolio companies. The UK board already includes Sir Clive Thompson, the chairman of Rentokil Initial, and Sir Trevor Chinn, the current chairman of Kwik Fit and recently retired chairman of RAC.
CVC was formed in 1991 as Citicorp’s European private equity arm and was then bought out by its management in 1993. The firm is currently investing its most recent $4 billion European fund, which it raised in 2001, and has $9 billion under management.
It has been involved in some of Europe’s largest recent deals including: the $3.4 billion public-to-private of Debenhams; the $4.3 billion acquisition of Scottish and Newcastle’s retail pub estate; and the $6.4 billion takeover of SEAT Pagine Gialle from Telecom Italia.