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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.

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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.

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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.

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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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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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