CVC Capital Partners plc is a Jersey-based private equity and investment advisory firm with approximately €186 billion of assets under management[3] and approximately €157 billion in secured commitments since inception across American, European, and Asian private equity, secondaries, credit funds and infrastructure.
[5] As of 31 December 2021, the funds managed or advised by CVC are invested in more than 100 companies worldwide, employing over 450,000 people in numerous countries.
Following the spinoff, CVC raised its first investment fund with $300 million of commitments, half coming from Citicorp and the rest from high-net-worth individuals and institutional investors.
[12] Also, around the same time, CVC expanded into Asia with a $750 million fund focusing exclusively on investments in Asian companies.
"[14] In 2007, CVC expanded to the U.S., opening an office in New York City, headed by Christopher Stadler and overseen by Rolly van Rappard.
The deputy team principal of Force India, Bob Fernley, accused CVC of "raping the sport" during the period of its involvement in Formula One.
[16] In January 2013, Smith retired from the role of chairman and Koltes, Mackenzie and Van Rappard were appointed co-chairmen of the group.
[21] In June 2015, CVC acquired the German perfume retailer Douglas AG for an disclosed fee from private equity firm Advent International.
[23] In November 2015, CVC and the Canada Pension Plan Investment Board both acquired American pet supplier Petco for a fee of around $4.6 billion.
[26] In September 2016, CVC Capital Partners agreed to sell control of the Formula One Group to John Malone's Liberty Media in a deal worth US$4.4bn.
The two-part deal would see the US media group buy 18.7 per cent of the F1 parent company Delta Topco for $746mn in cash from a consortium of shareholders led by CVC.
[27] In October 2017, CVC Capital Partners acquired Dutch global provider of compliance and administrative services firm TMF Group for €1.75 billion.