CVC CAPITAL

Company Description

CVC Capital Partners is one of the world's largest private equity firms, managing approximately €200 billion in assets and investing in companies across consumer goods, technology, financial services, healthcare, and manufacturing. When CVC buys a company, it typically takes it private, works to improve operations and growth, then sells it years later for a profit. Private equity can seem abstract, but it touches everyday life. CVC's investments have included brands like Breitling watches, cybersecurity firm Acronis, and dozens of other companies employing over 450,000 people worldwide. The firm operates seven complementary strategies: private equity in Europe/Americas and Asia, secondary investments (buying stakes in other private equity funds), credit, and infrastructure. CVC was founded in 1981 as Citicorp Venture Capital, the venture investing arm of Citibank. In 1993, the senior partners led a spinoff to become independent. The firm grew into one of Europe's leading private equity houses and raised the largest private equity fund ever in 2023 at €26 billion. In April 2024, CVC completed a landmark IPO on Euronext Amsterdam, becoming one of the few major private equity firms to go public. Headquartered in Luxembourg with approximately 850 employees across 30 offices worldwide, CVC ranks fourth among the world's largest private equity firms. Under CEO Rob Lucas, the firm reached €147 billion in fee-paying assets under management by end of 2024, a 50% increase from the prior year. The 2024 IPO marked CVC's evolution from a partnership to a publicly traded company while maintaining its investment-focused culture.