CVC Capital Partners, established in 1981, has evolved into a prominent global private markets manager. As of 2024, its ownership structure, leadership, and banking partnerships reflect its expansive growth and strategic operations.
Ownership Structure in 2024
- In April 2024, CVC Capital Partners transitioned into a public limited company, listing on Euronext Amsterdam. The initial public offering (IPO) aimed to raise at least €1.25 billion, with a target valuation between €13 billion and €15 billion. This move diversified the firm’s ownership, involving management, institutional investors, and public shareholders.
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Founders and Leadership
- CVC was co-founded by Donald Mackenzie, Rolly van Rappard, and Steve Koltes. Over time, leadership roles have evolved, with co-founders adjusting their positions within the company. For instance, Donald Mackenzie, who retired from daily operations, held shares valued between €889 million and €1.03 billion at the time of the IPO.
The Times
Banking Partnerships
- CVC collaborates with various financial institutions to facilitate its investment activities. Notable partnerships include:
- Goldman Sachs and Morgan Stanley: These banks have been involved in significant financing arrangements with CVC. For example, they prepared a loan of nearly €1 billion to support CVC’s control over Multiversity, an educational group.
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- UniCredit, Crédit Agricole, and Natixis: These banks provided a €200 million loan to finance CVC’s acquisition of the Italian restaurant chain Gruppo La Piadineria.
Business Times
Contractual Terms and Costs
- Specific details regarding the duration and financial terms of contracts between CVC and its banking partners are typically confidential and not publicly disclosed. These agreements are tailored to individual transactions, considering factors such as deal size, risk assessment, and market conditions.
Conclusion
- CVC Capital Partners’ evolution into a publicly listed entity in 2024 marks a significant milestone in its growth trajectory. The firm’s collaborative relationships with leading financial institutions underscore its strategic approach to managing and expanding its global investment portfolio.
