CVC
CVC an Fund manager private equity Fund manager specializing in large companies
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.
Companies
Strategy
Buyout
sectors
Consumption
-
Healthcare
-
Services
-
regional split
Europe
-
North America
-
Rest of the world
-
In the selection universe
In the vintage(s)
1981
year of inception
+€140 billion
of assets under management
25
global offices
+350
professionals
Data as of April 1, 2023. Source: public data from companies' websites and social media accounts. For more up-to-date information, we invite our investors to consult the reports available in their account area.
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.
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.
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.
CVC Capital Partners IX
Odyssey 2023
Selected fund
regional split
North America, Europe, Rest of World
target sectors
Technology & Software, Health, Services, Consumer
Diversification
30 - 40 investments
Enterprise value
Between €1bn and €5bn
Investment ticket
Between 250 M€ and 1,5 Mds€
Role
Majority or controlling positions
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Odyssey 2023