Ecclestone says he could bid to buy back F1 – Reuters

Formula One‘s Bernie Ecclestone has raised the possibility of making a multi-billion dollar bid to buy back the sport’s commercial rights from owners CVC Capital Partners, writes Reuters. London-based private equity firm CVC are the largest shareholder in Formula One with a stake of around 35 percent.

CVC hires banks to sell shares of Indonesia internet firm – Reuters

CVC Capital Partners has hired Credit Suisse, Deutsche Bank and Goldman Sachs to handle a share sale in Indonesian internet service provider PT Link Net Tbk, which could raise at least $500 million, writes Reuters. This would be CVC’s biggest share sale in Indonesia since March 2013 when the private equity firm and PT Multipolar Tbk raised around $1.3 billion by selling part of their stake in Indonesian retail giant PT Matahari Department Store Tbk.


CVC to buy Spanish private hospital stake from Doughty Hanson – Reuters

CVC Capital Partners is to buy a 61 percent stake in Spanish hospital group Quiron from fellow private equity firm Doughty Hanson and merge the company with its other Spanish medical group IDC, writes Reuters. Quiron did not give any financial details for the deal, which it said was expected to be completed this month.


Apax sells stake in Advantage Sales & Marketing

Apax is seling its majority ownership stake in Advantage Sales & Marketing to Leonard Green & Partners and CVC Capital Partners. The business is a provider of outsourced sales and marketing services to manufacturers and retailers of consumer goods.


Merlin PE backers sell $615 mln stake – Reuters

Two of Merlin Entertainments‘ private equity backers sold 100 million shares in the British theme park owner for 366 million pounds ($615 million), writes Reuters. Plans to place the shares by CVC Capital Partners and Blackstone Group via Deutsche Bank and Morgan Stanley were announced after Thursday’s close.


CVC buys majority stake in The Executive Centre

CVC Capital Partners has agreed to buy a majority stake in The Executive Centre from Headland, which will retain a minority ownership in the firm. No financial terms were disclosed for the transaction that is expected to close at the end of May. PwC, Bain & Co., Freshfields Bruckhaus Deringer and Clifford Chance advised CVC while Allen & Gledhill advised Headland. HSBC and Babson Capital are providing the debt financing for the deal. The Executive Centre is an Asia-based serviced office provider.

CVC completes fourth Asia fundraising – Reuters

Global private equity firm CVC Capital Partners has completed a $3.5 billion fund for investments in Asia, writes Reuters. CVC Capital Partners Asia Pacific IV LP is 15 percent smaller than the firm’s previous Asia fund of $4.12 billion raised in 2008.


peHUB First Read

First Read woke up to snow this morning. Sigh. To start your snowy day, we have Motorola Solutions selling part of its business for $3.45 bln, President Obama’s justification of NSA exploiting software vulnerabilities and how CVC has generated a 751.3% return on Formula One auto racing.

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