CVC Capital Partners related stories
All articles and analysis
Three Delta ups stake in Sainsbury’s to 25%The investment vehicle of Qatari property investment fund Three Delta has upped its stake in Sainsburys. The FTSE 100 listed UK supermarket’s shares leapt by nearly 5 percent, as speculation suggested a takeover bid was forthcoming.
- CVC hauled before Treasury following AA criticism
CVC Capital Partners has become the latest private equity firm to be called before the UK Treasury Select Committee, which is due to meet for a third time next Tuesday to discuss the industry. The summons comes in the wake of its controversial ownership of the AA, which this week completed a £6 billion merger with Saga.
- Maxeda sells Hema to Lion Capital for €1.1bn
Private equity-owned Maxeda has disposed of Hema, selling the Dutch department store to retail specialist Lion Capital. Maxeda continues to prove a successful investment for the consortium of KKR, Cinven, AlpInvest and Permira that recapitalised the retail group last year.
- Quadrangle opens in London
US media and communications investment firm Quadrangle has opened its doors in London, passing 3i, CVC Capital Partners and BC Partners, which have all started New York operations recently.
- CVC, PAI Altadis bid faces government opposition
CVC Capital Partners and PAI Partners’ bid for Altadis, the maker of Gauloise, Gitanes and Fortuna cigarettes, is reportedly experiencing difficulties in the face of opposition from the French and Spanish governments while the group remains split about the final structure of the bid.
- New Look sale falters
Apax Partners and Permira, the private equity owners of UK fashion chain New Look, have reportedly pushed back the deadline of the auction to sell the business after failing to attract suitable offers.
- Buyout firms circle New Look
Several buyout firms including The Blackstone Group and CVC Capital Partners are reportedly battling it out in a £2 billion auction of UK fashion retailer New Look. The deal could make up to £1.3 billion for New Look’s owners Apax Partners and Permira.
- EQT makes Danish investment
Swedish private equity firm EQT has bought a majority stake in Danish industrial engineering group Cimbria from the company’s founders. The country has become an attractive destination for private equity capital.
- Packer in talks with CVC to dispose greater stake in PBL
James Packer’s Publishing and Broadcasting is in talks with CVC Asia Pacific and CVC Capital Partners about trimming its stake in their joint-venture PBL Media. Australia’s richest man is selling the media assets to fund the global expansion of his gaming business.
- PAI drops Altadis bid
PAI Partners has abandoned its joint bid with CVC Capital Partners for Spanish cigarette company Altadis. An insider said the split had been amicable in the face of opposition from the French and Spanish governments.