Asia, Middle East investor group buys 10% stake in CVC
A group of investors has purchased a 10% stake in CVC Capital Partners as the private equity firm seeks to deepen ties with existing LPs, potentially making it easier to raise capital for future funds. It follows moves by TPG Capital and Apax Partners to sell minority interests in themselves to sovereign wealth funds.
The group buying into CVC comprises two Asia sovereign funds and another from the Middle East, Bloomberg reported. The value of the stake is unknown. CVC is preparing to raise a new global buyout fund...
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