Global buyout house CVC Capital Partners has boosted its operations team, hiring former Blackstone Group operating partner Alan Roux as a senior managing director, Private Equity International has learned.
Roux, who is based in London, departed Blackstone last autumn and joined the CVC operations team in 2016. Blackstone has no immediate plans to replace Roux, according to a spokesperson for the firm.
Roux joined Blackstone in 2007, where he was responsible for the firm’s portfolio companies in Europe, monitoring and advising on their operational performance and strategy. Prior to Blackstone, Roux was director of operations development at Tesco Stores, and has also worked with the Boston Consulting Group in New York and London and with Procter & Gamble in Germany.
Roux is the latest in a string of hires for CVC, including former Deutsche Bank global co-head of telecommunications, media and technology investment banking Chris Colpitts, who joined as a senior managing director and US head of TMT; Thomas Kichler, who joined the firm’s Chicago office from Orb Equity Partners as partner and US head of industrials and energy, a newly-created position; former chief executive of Itaú BBA investment bank Jean-Marc Etlin, whom the firm hired for its new office in São Paulo to head its Latin America team; and Krzysztof Krawczyk, who joined from Innova Capital to lead CVC’s new office in Poland.
In February CVC closed its first tech growth fund, CVC Growth Partners, on $1 billion, exceeding its $750 million target. The balance is understood to include a co-investment side-car of commitments from fund investors, as reported by PEI.
The fund is targeting equity investments of $50 million to $200 million primarily in North America and Europe in segments including software, software as a service (SaaS), managed services, cloud computing, mobility, payments, security, financial technology, healthcare information technology and other tech-enabled business services.
Following the close of its global private equity fund Blackstone Capital Partners VII on $18 billion last December, Blackstone recently held a $4.97 billion first close on its latest European opportunistic real estate fund. Blackstone Real Estate Partners (BREP) Europe V officially launched at the start of 2016 was a €6.7 billion target. The firm has also raised $3.72 billion for Blackstone Tactical Opportunities Fund II, as reported by PEI.