Apollo, CVC to sell Brit for $1.88 bln

Fairfax Financial Holdings Ltd. Said Monday it has agreed to buy Brit PLc for $1.88 billion. Fairfax is paying 305 pence cash per Brit share, including any final dividend for the year ended Dec. 31, 2014. Apollo Global and CVC Capital Partners own about 73 percent of Brit, a specialty insurer and reinsurer.


CVC buys Wireless Logic from ECI

CVC Capital Partners has acquired UK-based Wireless Logic, a machine to machine managed services provider. The seller was ECI Partners. No financial terms were disclosed. Arma Partners was financial adviser to Wireless Logic on the transaction.


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.

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