CVC Capital Partners
Company type | Private |
---|---|
Industry | Private equity |
Founded | 1981 |
Founders | Donald Mackenzie, Rolly van Rappard, Steve Koltes |
Headquarters | Luxembourg |
Products | Private equity, venture capital, credit asset management |
Website | www |
CVC Capital Partners ('CVC') is one of the world's leading private equity and investment advisory firms. Founded in 1981, CVC today has a network of more than 20 offices and over 300 employees throughout Europe, Asia and US.
Currently, CVC manages funds on behalf of over 300 investors from North America, Europe, Asia and the Middle East, who entrust their capital to CVC for periods of 10 years or more. Raised from pension funds, financial institutions and various other partners, CVC funds seek to identify attractive investments and develop sustainable, long-term value in close partnership with management teams. To date, CVC has secured commitments of US$79 billion from some of the world's most discerning investors across our European and Asian private equity, credit and growth funds. In total, the CVC Group manages over US$52 billion of assets.
The CVC team's local knowledge and extensive contacts underpin a proven track record of over 30 years of investment success. CVC has completed over 300 private equity investments in a wide range of industries and countries across the globe, with an aggregate enterprise purchase value of approximately US$120 billion. Thanks to its extensive international presence, CVC excels at pulling together cross-border resources to assess investment opportunities quickly and consistently. Today, CVC funds have stakes in more than 60 companies worldwide, employing around 400,000 people in numerous countries. Together, these companies have combined annual sales of approximately US$110 billion.
CVC believes that the effective ownership and management of a company creates benefits for all stakeholders, from employees to customers, suppliers to shareholders, and the wider community at large. CVC actively encourages its portfolio companies to respect all stakeholder groups and to be responsible corporate citizens.
For further information, please visit cvc.com.
Investment funds
Fund[1] | Year | Region | Size (millions) |
CVC European Equity Partners I | 1996 | Europe | $840 |
CVC European Equity Partners II | 1998 | Europe | $3,333 |
CVC Asia Fund I | 2000 | Asia | $750 |
CVC European Equity Partners III[2] | 2001 | Europe | $3,970 |
CVC European Equity Partners IV[3] | 2005 | Europe | €6,000 |
CVC Capital Partners Asia Pacific II | 2005 | Asia | $1,975 |
CVC European Equity Partners IV Tandem Fund | 2006 | Europe | €4,123 |
CVC European Equity Partners V | 2008 | Europe | €10,750 |
CVC Capital Partners Asia Pacific III | 2008 | Asia | $4,119 |
CVC European Equity Partners VI | 2013 | Europe | €10,907 |
Investments
Europe and the United States
The current European and US portfolio of companies includes:
- Cerved: Italian credit data and business intelligence company;[4]
- Pilot Travel Centers: truck stop chain in the United States (co-owned with Pilot Corporation);
- Formula One Group: motor sport management business;
- Samsonite: luggage company;
- Automobile Association: automotive rescue service provider in the UK;
- Merlin Entertainments: theme park operator, jointly controlled with KIRKBI/Blackstone Group
- ParmarCorp: leading Private Equity Europe and U.S all sectors;
- Cortefiel: apparel retailers in Spain;
- Seat Pagine Gialle: directories business in Italy;
- Leslie's Pool Supplies: U.S. retailer of swimming pool supplies;
- BPost: Belgian postal services operator;
- Univar: chemical distribution company in the US and Europe;
- R: a Spanish cable company based in Galicia, offering quadruple play services (telephone, mobile phone, Internet and television).
- Skrill: Online payments and money transfer
- Fraikin: Truck Leasing
It formerly included:
- StarBev: Prague-based brewery, their product line includes the Staropramen Czech lager, as well as international brands brewed and distributed under license. In 2012, StarBev was sold to Molson Coors,[5] which also resulted in a full withdrawal of CVC Capital Partners from Central and Eastern Europe.
Asia-Pacific
The current Asia Pacific portfolio includes:
- Zhuhai Zhongfu: Chinese PET bottler ;
- Nien Made: window shutter manufacturer, based in Taiwan;
- Plantation Timber Products: a wood fibreboards producer in China;
- Nine Entertainment Co.: Australian media group;
- DCA Group: diagnostic imaging center operator in Australia;
- Amtek: Singaporean precision metal components company;
- GS Paper and Packaging: Malaysian paper and packaging company;
- Skylark: restaurant operator in Japan;
- Minit Asia Pacific: shoe repair and key cutting provider in Japan;
- Shinwa Co.: system scaffolding supplier in Japan
- Matahari: Indonesian department store chain
- I-Med Network: Australian radiology company
- Hong Kong Broadband Network: Hong Kong broadband operator, acquired from City Telecom[6]
- SPi Global: A Philippines based BPO company (80/20 ownership between CVC and PLDT)
References
- ^ "Preqin Online Database". Preqin. October 11, 2009.
- ^ "CVC sets up in US". AltAssets. January 31, 2007.
- ^ "Pan-European CVC closes €6bn European fund". AltAssets. July 29, 2005.
- ^ "CVC Capital to Buy Cerved for $1.49 Billion". NYTimes.com. March 1, 2013.
- ^ "StarBev Sale Brings Cheer To CVC". Invest IQ. April 9, 2012.
- ^ "CVC Capital Partners announces signing of acquisition of Hong Kong broadband network". CVC Capital Partners. April 11, 2012.