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.