Talk:CVC Capital Partners

Archives (Index)

2012 2016 2019

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Short request

In accordance with Wikipedia’s guidelines I declare that I am working on behalf of Róbert Wessman.

The 'Controversies' section on this page is currently in need of two changes.

The current text states that "In March 2021, their representatives on Alvogen's board led an internal investigation into allegations of abuse and bullying behavior [etc]". The attached source, https://www.bloomberg.com/news/articles/2021-03-29/drugmaker-ceo-cleared-after-former-executive-alleged-bullying, does not mention CVC Capital Partners at all, and states that the board cleared Wessman of the alleged behaviour. The following sentence, "The investigation highlights rising attention to conduct by corporate leaders in their dealings with colleagues and employees" is not an objective statement and should also be removed.

As this material is tangential to CVC Capital Partners itself the whole paragraph should be removed, or the fact that Wessman was cleared (as stated in the existing citation) should be stated as this is not evident from the current wording.

Thanks in advance for taking time to help! Fabfare (talk) 11:26, 7 October 2022 (UTC)

@Fabfare Paragraph deleted after careful review of the request and independent research. Duke Gilmore (talk) 23:46, 4 December 2022 (UTC)

Request for changes

Hi I have a conflict of interest and would like to request the following changes on behalf of CVC. I hope the below all make sense and please send me a message if there is anything you would like to discuss:

1. Certain statistics are out of date and should be replaced. This would affect the Total assets parameter of the Infobox and the first paragraph of the Introduction as per the below:

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'''CVC Capital Partners''' is a [[Luxembourg]]-based [[private equity]] and investment advisory firm with approximately US$155 billion of assets under management and approximately €157 billion in secured commitments since inception across American, European and Asian private equity, [[Private-equity secondary market|secondaries]] and credit funds. As of 31 December 2021, the funds managed or advised by CVC are invested in more than 100 companies worldwide, employing over 450,000 people in numerous countries. CVC was founded in 1981 and, as of 31 March 2022, has over 650 employees working across its network of 25 offices throughout EMEA, Asia and the Americas.

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'''CVC Capital Partners''' is a [[Luxembourg]]-based [[private equity]] and investment advisory firm with approximately US$194 billion of assets under management and approximately €157 billion in secured commitments since inception across American, European and Asian private equity, [[Private-equity secondary market|secondaries]], credit funds and infrastructure. As of 31 December 2021, the funds managed or advised by CVC are invested in more than 100 companies worldwide, employing over 450,000 people in numerous countries. CVC was founded in 1981 and, as of 31 March 2022, has over 850 employees working across its network of 25 offices throughout EMEA, Asia and the Americas.

CVC Capital Partners is a Luxembourg-based private equity and investment advisory firm with approximately US$194 billion of assets under management and approximately €157 billion in secured commitments since inception across American, European and Asian private equity, secondaries, credit funds and infrastructure. As of 31 December 2021, the funds managed or advised by CVC are invested in more than 100 companies worldwide, employing over 450,000 people in numerous countries. CVC was founded in 1981 and, as of 31 March 2022, has over 850 employees working across its network of 25 offices throughout EMEA, Asia and the Americas.

References

Reason: statistics are out of date.
 Done In the future, please also provide updated proposed text for the infobox, and any other text that might need to change if named references are replaced in one section but are still present in others. STEMinfo (talk) 21:21, 12 April 2024 (UTC)

2. Add the following sentence to the end of the Introduction:

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In 2023, they raised €26bn, the largest private equity fund in history at the time.

In 2023, they raised €26bn, the largest private equity fund in history at the time.

References

Reason: Addition is newsworthy due to record size and is covered by reliable sources.

 Done Seems to be there already.

In 2023, it raised the largest ever raised private equity fund globally at $26 billion.

Changed from dollars to Euros. STEMinfo (talk) 01:30, 14 April 2024 (UTC)

3. Certain key personnel are either not listed in their correct role or no longer with the company. Can this be updated in the Key people parameter of the Infobox and at appropriate points in the text.

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Key people: Steve Koltes, Donald Mackenzie, Rolly van Rappard

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Key people: <div class="plainlist"><ul><li>Rob Lucas <small>Chief Executive and Managing Partner</small></li><li></small></li><li>Rolly van Rappard <small>Co-founder and Co-Chair</li></ul></div></small>

}}

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In 1993, Smith and the senior investment professionals of Citicorp Venture Capital negotiated a spinout from Citibank to form an independent private equity firm, CVC Capital Partners. In 2006, the US arm of Citigroup Venture Capital also spun out of the bank to form a new firm, known as [[Court Square Capital Partners]]. CVC operated offices in [[London]], [[Paris]] and [[Frankfurt]].

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In 1993, Smith and the senior investment professionals of Citicorp Venture Capital negotiated a spinout from Citibank to form an independent private equity firm, CVC Capital Partners. In 1996, Rob Lucas, who would go on to be the firm's lead managing partner in the 2020s, joined the firm. In 2006, the US arm of Citigroup Venture Capital also spun out of the bank to form a new firm, known as [[Court Square Capital Partners]]. CVC operated offices in [[London]], [[Paris]] and [[Frankfurt]].

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In July 2022, CVC sold a near-50 per cent stake in [[TMF Group]] to the [[Abu Dhabi Investment Authority]].

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In July 2022, CVC sold a near-50 per cent stake in [[TMF Group]] to the [[Abu Dhabi Investment Authority]]. In 2022, co-founder Steve Koltes stepped down from the firm. Donald Mackenzie, another co-founder, stepped back from the firm in February 2024.

Key people:

• Rob Lucas Chief Executive and Managing Partner
• Rolly van Rappard Co-founder and Co-Chair

In 1996, Rob Lucas, who would go on to be the firm's lead managing partner in the 2020s, joined the firm.

In 2022, co-founder Steve Koltes stepped down from the firm. Donald Mackenzie, another co-founder, stepped back from the firm in February 2024.

References

Reason: Information is out of date.

4. The Products and Services parameters of the Infobox do not accurately represent the scope of CVC's work. Could we please combine everything under Products (as a Service can be defined as such according to the article defining Product) so a more accurate understanding is possible:

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Products: Private equity, credit asset management Services: <div class="plainlist"><ul><li>Investment Banking & Brokerage</li><li>Diversified Financial Services</li></ul></div>

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Products: <div class="plainlist"><ul><li>Private equity</li><li>Credit</li><li>Secondaries</li><li>Infrastructure</li></ul></div>

Products:

• Private equity
• Credit
• Secondaries
• Infrastructure

References

Reason: Better summary of services than the current, vaguer summary

5. Can the content of the Controversies section be redistributed chronologically throughout the History section as per WP:CSECTION. The first paragraph could be moved after the sentence "From November 2005 to March 2006, CVC gradually purchased 63.4% of the shares of the Formula One Group, owner of the Formula One auto racing championship." in the 2000s section and the second paragraph could be moved after the sentence "In January 2013, Smith retired from the role of chairman and Koltes, Mackenzie and Van Rappard were appointed co-chairmen of the group." in the 2010s section.

Reason: WP:CSECTION indicates that such sections encourage departure from NPOV.

6. Can the following paragraph be added in the 2020s section before the December 2023 update, or wherever appropriate:

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In December 2023, CVC acquired a Japanese pharmacy operator, Sogo Medical, for $1.2 billion.

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CVC initially planned to float an IPO on the [[Euronext Amsterdam]] stock exchange in 2022. The float was delayed, citing market disruption caused by inflation and the [[Russian invasion of Ukraine|invasion of Ukraine]]. The deal was further postponed in 2023. The chief executive of the firm would be Rob Lucas. In December 2023, CVC acquired a Japanese pharmacy operator, Sogo Medical, for $1.2 billion.

CVC initially planned to float an IPO on the Euronext Amsterdam stock exchange in 2022. The float was delayed, citing market disruption caused by inflation and the invasion of Ukraine. The deal was further postponed in 2023. The chief executive of the firm would be Rob Lucas.

References

Reason: Update on notable recent developments covered by reliable sources.

7. In the 2020s section at the end, could the most recent news coverage please be added:

In February 2024 CVC raised $6.8 billion for its sixth Asia fund, its largest to date in the region and 50% larger than the previous $4.5 billion fund raised in 2020.

References

Reason: Update on notable recent developments covered by reliable sources.

Many thanks for considering this request. Selixomen (talk) 17:17, 31 January 2024 (UTC)

 Done Encoded  Talk 💬 21:07, 1 May 2024 (UTC)

@STEMinfo thanks so much for starting this off!

@Encoded you are a hero, thank you so much for your efforts on the remainder! It means a lot after the wait.

The IPO has gone ahead now, would you mind terribly having a look at the following update wording? The timing is ironic, I know - if you think it looks alright I'd be happy to add it myself, I feel like the request queue is big enough without submitting a new one and I don't want to put you off!

On 26 2024, CVC listed its shares on the Euronext Amsterdam stock exchange, opening at €17.34. The total offering size was €2.3 billion.

These sources should confirm this:

1. https://www.reuters.com/markets/deals/cvc-sets-ipo-price-14-euros-per-share-middle-range-2024-04-26/
2. https://www.ft.com/content/c0c35ff8-b79f-443a-8a4b-96efc86c1016

Thanks again! Selixomen (talk) 16:52, 3 May 2024 (UTC)

Hi @Selixomen I'm happy to pop this in, are you wanting it in the history section? Thanks, Encoded  Talk 💬 18:37, 3 May 2024 (UTC)

Hi @Encoded thank you and yes, in the 2020s section please. Again, really appreciate your help! Selixomen (talk) 08:53, 7 May 2024 (UTC)

Done :) Encoded  Talk 💬 07:24, 8 May 2024 (UTC)