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.
Companies
Strategy
Buyout
sectors
Technology and Software
-
B2C
-
Healthcare
-
B2B Services
-
geographies
Europe
-
North America
-
Rest of world
-
In the selection universe
In the vintage(s)
1981
year established
+€140 billion
in assets under management
25
offices worldwide
+350
investment professionals
Data at
8/10/2024
Source: Public data from company websites and social networks. For the most up-to-date information, we invite our investors to consult the reports available in their own 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.
Views expressed herein represent the current opinion of Altaroc's investment Team. These views and opinions may change at any point in time without prior notification.
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.
Views expressed herein represent the current opinion of Altaroc's investment Team. These views and opinions may change at any point in time without prior notification.
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.
Views expressed herein represent the current opinion of Altaroc's investment Team. These views and opinions may change at any point in time without prior notification.
Views expressed herein represent the current opinion of Altaroc's investment Team. These views and opinions may change at any point in time without prior notification.
select
Odyssey 2023
CVC Capital Partners IX
Fund(s) selected
Fund(s) under selection
geographies
Europe, North America and 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
geographies
Europe, North America and 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
Manager companies
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