Private Equity News & Analysis

CVC opens US office

CVC is continuing its appointments spree to staff its US office, which the private equity firm has opened in New York.

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CVC Capital Partners, a private equity firm, has opened a US office in New York, a statement said.

New York: CVC’s home in the US

Christopher Stadler is joining the firm as managing partner and head of the US office. Since 2001, he has been head of private equity, North America for Investcorp, the Bahrain-quoted alternatives group, after joining as managing director in 1996. Before joining Investcorp he was director of corporate finance for Credit Suisse First Boston, a financial services group.

Rolly van Rappard, a co-founder of CVC Capital Partners Group, will work with Stadler to establish CVC’s US presence.

Yesterday CVC rewarded some of the team behind its biggest year of dealmaking to date, with a series of internal promotions.  The most senior of the appointments was the promotion of Marc Boughton, who becomes a managing partner of the firm based in London.

In 2006, CVC completed nine transactions in Europe and Asia, investing a total of $2.7 billion (€2 billion). 

Earlier this week CVC and Kohlberg Kravis Roberts bought Van Gansewinkel, a Dutch waste management company, for an undisclosed amount, to merge with their portfolio company AVR.  The merger will result in one of the largest waste management companies in Europe.

CVC’s seventh fund, CVC European Equity Partners Tandem Fund, closed in January 2007 on $5.4 billion.  The firm operates a network of 17 offices worldwide.