CVC Capital Partners and former managing director Lisa Lee issued a joint statement Thursday that the two sides reached a confidential agreement to resolve Lee’s sexual discrimination claims.
CVC said it will consult with Lee over the next months on issues of diversity and inclusion, including improving opportunities for women.
“Both parties believe that the private equity industry benefits from the diversity of its talent and that continuing to recruit and develop a diverse pool is an important goal,” the statement said.
Lee, who worked on the investor relations team at the firm, accused CVC of firing her after she complained about gender problems and claimed male supervisors were not punished for inappropriate behavior. She accused the firm of trying to give her accounts to male co-workers after she went on maternity leave, Reuters previously reported.
CVC denied the claims and said Lee’s job was terminated because she couldn’t get along with co-workers, and was part of a wider restructuring of the investor relations group.
Scales of justice and gavel, gold coins. Photo courtesy ©iStock/DianaDuda