Top $198 Billion Private Equity Group CVC Capital Partners Targets IPO on Euronext Amsterdam at $14 Billion to $16 Billion Valuation, To Raise at Least $1.3 Billion in IPO Proceeds
19th April 2024 | Hong Kong
Top private equity group CVC Capital Partners with $198 billion AUM (Assets under Management) is targeting an IPO on Euronext Amsterdam at $14 billion to $16 billion valuation, and to raise at least $1.3 billion in IPO proceeds (EUR 1.25 billion). Rob Lucas, CEO of CVC: “We have spent more than 40 years building the CVC Network, and developing a unique entrepreneurial culture centred on delivering consistent investment outperformance for our clients. We now manage approximately €186 billion of AUM across seven complementary investment strategies, we continue to achieve significant fundraising success across each of our strategies, and at €26.5 billion, our latest Europe / Americas Private Equity fund is the largest private equity fund ever raised globally. This fundraising success underpins our continued growth, and with approximately €69 billion of AUM across Secondaries, Credit, and Infrastructure, we have an ever more scaled, diversified, and differentiated platform. We believe an IPO of CVC provides an enduring long term institutional structure to support further growth, we remain completely focussed on the continued success of CVC, and neither I nor any of my active partners are selling shares as part of this transaction.” CVC is a global leader in private markets, with a history of creating sustainable value over more than 40 years. As of 31 December 2023, the Group had 1,154 employees (including 510 investment professionals) and managed approximately €186 billion of AUM, across seven complementary investment strategies in Private Equity, Secondaries, Credit and Infrastructure. Since inception in 1981, CVC has delivered consistently strong returns for its clients. For example, as of 31 December 2023, CVC Europe / Americas Funds I-VII had generated a combined weighted average realised gross internal rate of return (“Gross IRR”) of 28% and a combined weighted average realised gross multiple on invested capital (“Gross MOIC”) of 2.9 times and were among the top performing funds within their private equity peers. In February 2024, CVC announced the close of $6.8 billion for CVC 6th Asia fund (Capital Partners Asia VI) to invest in core consumer & services sectors across Asia. CVC Asia platform manages over $21 billion & active in Asia since 1999 and had acquired more than 80 companies in Asia.
“ Top $198 Billion Private Equity Group CVC Capital Partners Targets IPO on Euronext Amsterdam at $14 Billion to $16 Billion Valuation, To Raise at Least $1.3 Billion in IPO Proceeds “
Top $199 Billion Private Equity Group CVC Closes $6.8 Billion for CVC 6th Asia Fund Capital Partners Asia VI to Invest in Core Consumer & Services Sectors Across Asia, CVC Asia Platform Manages Over $21 Billion & Active in Asia Since 1999 & Had Acquired More than 80 Companies in Asia
24th February 2024 – Top private equity group CVC with $199 billion AUM (Assets under Management) has announced the close of $6.8 billion for CVC 6th Asia fund (Capital Partners Asia VI) to invest in core consumer & services sectors across Asia. CVC Asia platform manages over $21 billion & active in Asia since 1999 and had acquired more than 80 companies in Asia. Announcement: “CVC, a leading global private markets manager focused on private equity, secondaries, credit and infrastructure is pleased to announce the closing of its sixth Asia fund, CVC Capital Partners Asia VI (“Asia VI”), with US$6.8 billion in commitments. Asia VI is 50% larger than its predecessor, CVC Capital Partners Asia V, which was raised in 2020 and closed at US$4.5 billion. Asia VI saw strong demand from new and returning blue chip investors, enabling it to significantly exceed its US$6 billion target and original hard cap. The fund lifts CVC’s Asia platform to one of the leading players in the region, having now raised over US$21 billion of commitments across its Asia focused funds … … Asia VI is the latest successful fundraising completed across CVC’s private equity, secondaries and credit strategies, including: CVC Capital Partners Fund IX (€26 billion); Glendower Capital Secondary Opportunities Fund V (US$5.8 billion); and, CVC CLO Equity III (US$800 million), each of which closed at their respective hard cap.” CVC manages US$199 billion (€188 billion) of AUM globally across seven complementary investment strategies comprising CVC Europe/Americas, CVC Asia, CVC Strategic Opportunities, CVC Growth, CVC Secondaries (Glendower), CVC Credit and CVC Infrastructure (DIF Capital Partners). More info below:
Sigit Prasetya, Managing Partner and Head of CVC Asia: “We are delighted to welcome our new investors and are grateful for the trust and continued support of our returning investors. With the successful close of Asia VI, we will continue to leverage our deep industry expertise, pan-regional local office presence and the global CVC Network to identify attractive investment opportunities and partner with founders and high quality management teams, in the fast-growing Asian private equity markets.”
Rob Lucas, CVC Managing Partner: “We have invested significantly in CVC Asia over recent years and are delighted with its excellent progress. CVC Asia is one of the growth engines for our private equity platform and we look forward to the continued expansion and success of this strategy.”
Top $199 Billion Private Equity Group CVC Closes $6.8 Billion for CVC 6th Asia Fund Capital Partners Asia VI to Invest in Core Consumer & Services Sectors Across Asia, CVC Asia Platform Manages Over $21 Billion & Active in Asia Since 1999 & Had Acquired More than 80 Companies in Asia
21st February 2024 – CVC, a leading global private markets manager focused on private equity, secondaries, credit and infrastructure is pleased to announce the closing of its sixth Asia fund, CVC Capital Partners Asia VI (“Asia VI”), with US$6.8 billion in commitments. Asia VI is 50% larger than its predecessor, CVC Capital Partners Asia V, which was raised in 2020 and closed at US$4.5 billion. Asia VI saw strong demand from new and returning blue chip investors, enabling it to significantly exceed its US$6 billion target and original hard cap. The fund lifts CVC’s Asia platform to one of the leading players in the region, having now raised over US$21 billion of commitments across its Asia focused funds.
- The strong growth of CVC’s Asia platform has been underpinned by CVC’s investment in the region over recent years, further improving its extensive regional network, deep local knowledge and sector expertise, and strengthening its investment capabilities across the region.
- CVC Asia also works closely with CVC’s other private equity strategies, both complementing and utilising the relationships and knowledge of the broader CVC Network, to enhance origination capabilities and create sustainable value in the businesses it backs.
- Asia VI will focus on control, co-control and partnership investments in high quality businesses in core consumer and services sectors across Asia. CVC has been active in Asia since 1999 and in this time it has made more than 80 acquisitions in the region.
- Asia VI is the latest successful fundraising completed across CVC’s private equity, secondaries and credit strategies, including: CVC Capital Partners Fund IX (€26 billion); Glendower Capital Secondary Opportunities Fund V (US$5.8 billion); and, CVC CLO Equity III (US$800 million), each of which closed at their respective hard cap.
CVC manages US$199 billion (€188 billion) of AUM globally across seven complementary investment strategies comprising CVC Europe/Americas, CVC Asia, CVC Strategic Opportunities, CVC Growth, CVC Secondaries (Glendower), CVC Credit and CVC Infrastructure (DIF Capital Partners).
Top $154 Billion Private Equity Group CVC Announced Close of $28.6 Billion CVC Capital Partners IX Fund, Strong Demand from Existing & New Institutional Investors
28th July 2023 – Top private equity group CVC with $154 billion AUM (Assets under Management) has announced the close of the $28.6 billion (€26 billion, €25 billion target) CVC Capital Partners IX Fund, with strong demand from existing & new institutional investors. In 2020, CVC Capital Partners VIII fund closed at €22.3 billion. CVC had launched Fund IX in January 2023. Rob Lucas, Managing Partner: “We are extremely grateful to our investors for their support during the Fund IX fundraising. Our consistent outperformance across multiple cycles has allowed us to build long-term relationships with the highest quality institutional investors. Over the last 30 years, CVC has developed an international network of 25 local offices and a global team of over 850 professionals. This provides us with a real competitive advantage in making the best investments and creating sustainable value for our investors. With Fund IX and our wider family of funds, we look forward to partnering with entrepreneurs and management teams to build better businesses around the world.”
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