CVCprivate equity manager specializing in buyout

CVC

CVC Capital Partners is a European leader in Buyout. It stands out for its comprehensive geographic coverage, in-depth sector expertise and selective, disciplined approach to entry prices. It is also one of the world's largest Private Equity players.

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Companies

See portfolio companies

Strategy

Buyout

sectors

Technology and Software

Digital B2C

Healthcare

B2B services

regional split

Europe

North America

Rest of the world

In the selection universe

In the vintage(s)

Odyssey 2023

CVC key figures

1981

year of inception

+€140 billion

of assets under management

global offices

+350

investment professionals

Source: Public data from companies’ websites and social media accounts. For more up-to-date information, we invite our investors to view the report made available on their space.

About CVC

CVC was founded in 1981 within the American bank Citigroup (formerly Citigroup Venture Capital). Today, the company has 25 offices worldwide (in Europe, the USA and Asia) and manages over €177Bn through its various strategies (Buyout, Growth, Secondary, Private Debt, Infrastructure), making it one of the world's largest Private Equity players.

The firm has been independent since 1994, is majority-owned by its partners, and employs over 350 professionals in its international offices.

Presentation of the Manager CVC Capital Partners

2:00mn

What sets CVC apart

Geographical coverage

The firm has some 60 senior deal makers (for its LBO strategy), who are highly recognised in both Europe and the United States and are capable of executing transactions in some 20 countries.

The wealth of these local teams, all based in their respective geographies, enables CVC to build high-quality deals in a large number of territories. CVC teams present more than 300 transactions a year to investment committees, only executing a maximum of 5% of them.

The richness of its deal flow, which is mainly proprietary, combined with its highly selective approach,will enable CVC to continue generating outperformance over the long term.

A clear investment strategy and a disciplined approach to entry prices

CVC has defined unique selection criteria based on a value strategy.

These include asset quality and entry prices, on which the company has always remained extremely disciplined.

CVC thus focuses on companies having solid market positions but still offering strong potential for operational improvement, potential that the firm can help deliver through its internal operations team, one of the largest of the large cap funds, consisting of about a dozen of the firm's salaried partners.

Accordingly, CVC avoids transactions involving the "near-perfect" targets coveted by many large-cap funds, as it deems their entry prices too high.

Specialisation in four highly mastered verticals

The company has acquired in-depth expertise in the healthcare, sports, financial services and technology sectors, with specialized teams in each sector complementing the national teams.

Because of the minimum investment amounts required by CVC, its sector teams have mapped out virtually the entire limited universe of transactions likely to meet CVC's selection criteria.

The complementary nature of our national and sector-based teams is a major advantage over competitors who specialise only in specific sectors or countries.

Highly industrialised processes for investment and tracking invested companies

For over 40 years, CVC teams have been refining their methods of analysis, research and investment monitoring.

Our selection criteria remain the same, whatever the economic cycle. With regard to its investment portfolio, thanks to the support of well-organised in-house operational teams, CVC regularly and systematically monitors trends of sector-specific performance indicators, as well as the progress of all companies acquired, comparing them with the initial business plan.

In the event of any deviation from this plan, the firm implements intensive controls on the few companies concerned.

The differentiating factors presented reflect the opinions of the Altaroc investment team. Past performance is not a reliable guide to future results.