CVC Capital Partners
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CVC Capital Partners is a European private equity firm. CVC was founded in 1981 and established CVC Asia Pacific in 1999, a joint venture with Citigroup. CVC (Europe and Asia Pacific) is currently managing funds of over $13bn in capital.
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.