CVC hits hard cap for Asia
Three of the last four investments in CVC Capital Partners' third pan-Asian fund were China control deals, and two of them involved restaurants. The Fund IV portfolio will be more diversified - encompassing retail, healthcare and financial services as well as consumer - but control is likely to be a consistent theme.
"We are focusing on control and joint control deals in our core sectors," says Roy Kuan, managing partner at CVC (pictured). "Competition generally seems to have decreased, perhaps due to a slowdown in...
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