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.


CVC Capital Partners hires managing partner

CVC Capital Partners has appointed John D. Clark as a managing partner based in New York. Clark will focus on middle-market, growth-oriented private equity investments in the technology, software and technology-enabled business services sectors.

Japanese banks to invest in CVC Asia fund – Reuters

Japan Bank for International Cooperation and Sumitomo Mitsui Trust Bank are to invest in CVC Capital Partners‘ fourth Asian fund, which is seeking to raise around $3 billion, writes Reuters. London-based CVC plans to invest the fund in companies across the region, in countries such as Indonesia, Malaysia, the Philippines and China.

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