CVC CAPITAL PARTNERS

'CVC Capital Partners' is a European private equity firm. CVC was founded in 1981 as the European private equity arm of Citigroup, but after a buyout in 1993 it is owned by its management. In 1999, CVC established 'CVC Asia Pacific', which is a joint venture with Citigroup. CVC (Europe and Asia Pacific) is currently managing funds of over €20.9 billion (US $ 23.7 billion).
CVC is involved in a wide range of companies. Some of the most high profile include Kwik-Fit (2002-2005), The AA (2004), Debenhams (2003), Halfords (2002) Minit (2006). One of CVC's most high profile investments was the purchase of 86% of SLEC Holdings announced in 2005. SLEC owns the Formula One group of companies including Formula One Administration, owner of the sport's commercial rights.
In late March 2006 CVC purchased the final 14 percent stake of SLEC Holdings held by investment bank Lehman Brothers, CVC announced its acquisition through its newly incorporated Alpha Prema company.
James Packer sold 50% of the network's parent company PBL Media to CVC Asia-Pacific, a share valued at $4.6 billion, on October 18, 2006[3]. PBL officially announced on June 1, 2007 that they had sold a further 25% share of PBL Media to CVC for $515 million, effectively forgoing control of the day-to-day operations of the network.[5]
On July 5, 2007, CVC purchased Samsonite, the luggage company, for $1.7 billion, including assumed debt. The acquisition is the first CVC has made of a U.S. company.

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[5]http://www.pbl.com.au/pbl_sells_a_25_interest_in_pbl_media_to_cvc.htm

★ CVC Capital Partners