CVC Capital Partners related stories
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CVC forms US advisory boardThe London-based firm, which already has CEO-heavy advisory boards in Europe and Asia, has rounded up the former chiefs of Hilton, Burberry and Saks to advise on US deals.
- Goldman, Morgan Stanley PE could be affected by new rules
The firms' decisions to become bank holding companies may present new challenges to keeping their private equity arms under the same roof.
- Darwin closes £217m debut fund
Amid tough fundraising conditions for first-time funds, the CVC and Permira spin-out fell shy of its £250m target but rounded up commitments from big fund of funds players including Pantheon and OXIP.
- Aurora Russia chairman retires to focus on charity
Sir Trevor Chinn has resigned his chairmanship of London-listed private equity fund Aurora Russia to dedicate more time to charitable organisations including the Mayor’s Fund for London. He is replaced by the chairman of Deloitte and Touche's CIS operations, Dan Koch.
- CVC launches financial services deal team
The UK-headquartered private equity firm will grow a niche team in the UK, US and Asia as it looks to capture some of the financial sector’s global GDP share.
- Citi-backed Big Red sells 20 percent to Dr Pepper
The portfolio company of defunct mid-market private equity group Citi Venture Capital has partially exited to the soft drink company’s largest distributor. The Citi fund’s portfolio remains in limbo with William Comfort managing operations in the short term.
- CD&R in £417m materials testing carve-out
In its first deal of 2008, the New York-based buyout firm beat bids from CCMP, CVC and Warburg Pincus to buy the materials testing division of Bodycote, a global provider of industrial heat treatment services.
- Hong Kong watch company draws CVC bid
Trading of Peace Mark shares has been suspended following an indicative offer from CVC Asia Pacific, which has made four investments in Greater China in the last 12 months. Peace Mark has exclusive arrangements with brands including De Beers and Gucci-owned Boucheron and has a $241m market cap.
- CVC’s Tim Parker steps down from the Greater London Authority
In a move welcomed by the London Assembly, the ‘Prince of Darkness’ has relinquished his position as head of Transport for London before even taking it up, as he resigns his position as First Deputy Mayor.
- Blackstone opens in Beijing
The Blackstone Group has expanded its presence in Asia with the launch of an office in Beijing, its fourth in the region.