CVC Capital Partners
is one of the top five largest private equity
firms globally with approximately US$46 billion in funds focused on management buyouts
. Since 1981, CVC has completed over 250 investments across a wide range of industries and countries.
CVC was founded in 1981 and today has a network of eighteen offices throughout Europe
and the United States
The U.S.-based bank, Citicorp
, had established an investment arm in 1968 to focus on venture capital
investments. By the late 1970s and early 1980s, Citicorp Venture Capital, at that time under the leadership of chairman William T. Comfort
, continued to invest in early stage businesses but also expanded into the emerging leveraged buyout
business. CVC Capital Partners was originally founded in 1981 as the European arm of Citicorp Venture Capital.
Among Citicorp Venture Capital's early managing directors in Europe were John Botts, Otto Van der Wyck, Jon Moulton
and Frank Neale. Of the group's original European leadership, most would leave by the late 1980s. Botts left in 1987 to found his own boutique investment banking firm, Botts & Company. Moulton left the bank to co-found Schroder Ventures
(the predecessor of Permira
) in 1985. The following year, Van der Wyck left to co-found European private equity firm BC Partners
in 1986 and today serves as chairman of AlpInvest
and a senior advisor to Coller Capital
. Neale also departed to join Phildrew Ventures, which subsequently became......