CVC Capital Partners Acquires Majority Stake in Grupo GSH

KKR Acquires Majority Stake in Healthcare Global Enterprises from CVC

February 24, 2025

Healthcare Services

KKR funds have agreed to acquire up to a 54% stake in Healthcare Global Enterprises (HCG) from CVC Asia V for a purchase price of INR 445 per share (deal value up to about US$400m). The transaction transfers majority ownership to KKR to support HCG's continued network growth, clinical and R&D expansion, and digital transformation; the deal is expected to close in Q3 2025 subject to regulatory approvals.

GHO Capital and Partners Group Invest in Sterling Pharma Solutions

May 25, 2023

Pharmaceuticals

GHO Capital (majority owner) and Partners Group have completed an investment into GHO portfolio company Sterling Pharma Solutions, with Partners Group acquiring a significant minority stake. The transaction is supported by a consortium led by funds managed by AlpInvest Partners and Pantheon and will fund Sterling's expansion of production capacity, capability build-out and further strategic acquisitions across the UK, Europe and the US.

CVC Capital Partners Acquires M Group Services from PAI Partners

June 27, 2024

Infrastructure

CVC Capital Partners (via Fund IX) has agreed to acquire M Group Services, the UK’s largest provider of essential infrastructure services, from PAI Partners. The transaction — expected to close in Q3 2024 — will support M Group Services’ next phase of organic growth and further strategic M&A while preserving its focus on safety, sustainability and client delivery.

CVC Acquires Therakos Business from Mallinckrodt for $925M

August 5, 2024

Medical Devices

CVC Capital Partners Fund IX agreed to acquire the Therakos extracorporeal photopheresis business from Mallinckrodt plc for $925 million in a carve-out transaction. CVC said it will invest in further research, indication expansion and geographic growth of Therakos while key Therakos employees will transition with the business; Mallinckrodt will use proceeds to substantially reduce net debt.

PureHealth Acquires 60% Stake in Hellenic Healthcare Group (HHG)

October 7, 2025

Healthcare Services

PureHealth Holding PJSC completed the acquisition of a 60% stake in Hellenic Healthcare Group (HHG) for EUR 800 million, implying a 100% equity valuation of EUR 1.3 billion. The deal brings HHG's 11 hospitals and 23 diagnostic centres (with over 6,900 healthcare professionals) into PureHealth's international healthcare platform, while CVC Capital Partners and HHG management retain a 40% stake.

CVC and Therme Group Form €1bn Therme Horizon Joint Venture

June 17, 2025

Restaurants & Hospitality

Therme Group and CVC Capital Partners announced a strategic joint venture, Therme Horizon, in a deal valued at over €1 billion that will see the partners become equal owners of a new holding company anchored by Therme Erding (Germany) and Therme Bucharest (Romania). CVC will also co-invest in the development of Therme Manchester, with closing expected in the second half of 2025 subject to regulatory approvals.