Private Equity Firm Financial Services

CVC

Luxembourg, Luxembourg

CVC is a global private markets manager with strategies spanning private equity, secondaries, credit, and infrastructure, investing through managed funds and other investment vehicles.

Focus Areas
Private equity, Private markets investment management, Secondaries
Website
www.cvc.com

Tracked deals

49

49 tracked deals across 2019-2026.

Recent pace

5

5 tracked deals announced in the last 12 months.

Deal mix

Buyout

31 buyout · 15 growth capital · 1 addon

CVC Acquisition Volume by Year

Last 7 years

Acquisition volume by year Annual acquisition counts for the last 7 years for CVC. 1 2019 1 2020 10 2021 2 2022 19 2024 12 2025 ~5 est. 4 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

Showing the 12 most recent of 49 tracked deals for CVC.

  • Buyer
    CVC
    Target
    Ridge
    Seller
    Horizon Capital
    Location
    United Kingdom

    CVC has invested in Ridge, the U.K. multidisciplinary built environment consultancy, following strong organic growth. CVC is acquiring its stake from Horizon Capital, while Ridge’s equity partners are expected to remain significant shareholders after the transaction.

  • Buyer
    CVC Capital Partners
    Target
    Clevertech
    Seller
    REFA, the Reggiani Family holding company, The Reggiani Family (founder mentioned; seller role specified via REFA)
    Location
    Italy
    Type
    Buyout

    CVC Capital Partners will acquire 100% of the share capital of Clevertech, an Italian industrial automation and packaging systems company. The Reggiani Family holding company REFA will reinvest as a minority shareholder alongside CVC, with Clevertech’s founder Giuseppe Reggiani continuing as Chairman and CEO. Completion is expected by the end of 2026, subject to regulatory approvals.

  • Buyer
    CVC Capital Partners
    Target
    IFF Food Ingredients business (Food Ingredients division of International Flavors & Fragrances)
    Seller
    International Flavors & Fragrances (IFF)
    Industry
    Food & Beverage

    IFF has entered into an agreement to sell its Food Ingredients business to funds advised by CVC Capital Partners for an enterprise value of approximately $4.3 billion (about 10x EBITDA). IFF will retain an approximately 10% minority equity stake and a board seat in the newly formed company, and expects to receive about $3.8 billion in net cash proceeds at closing.

  • Buyer
    Apollo-managed funds (investor group led by Apollo-managed funds), CVC Capital Partners (retains 63% majority stake)
    Target
    Syntegon
    Seller
    CVC Capital Partners
    Location
    Germany

    Apollo-managed funds have agreed to acquire an approximately 37% minority stake in industrial technology company Syntegon from CVC Capital Partners. CVC will retain a 63% majority stake as the partnership aims to accelerate Syntegon’s next growth phase, with particular focus on North America and unlocking service potential from Syntegon’s large installed systems base.

  • Buyer
    CVC DIF, DIF Infrastructure VIII
    Target
    Low Carbon
    Industry
    Renewable Energy
    Location
    United Kingdom

    Low Carbon, an independent power producer focused on renewable energy, has secured a landmark investment from CVC DIF. The deal (expected to close in Q4 2025) will provide committed capital to help Low Carbon expand its installed capacity across the UK and key European markets, including Germany and Poland, with CVC DIF taking a majority controlling stake.

  • Buyer
    CVC DIF, Jersey Telecom (JT), The States of Jersey (ownership of JT), DIF Infrastructure VIII (fund vehicle)
    Target
    Manx Telecom Group, Manx Telecom Group (Manx Telecom)
    Seller
    Basalt Infrastructure Partners LLP (funds managed)
    Location
    Isle of Man
    Type
    Buyout

    CVC DIF, the infrastructure strategy of CVC, together with Jersey Telecom (JT) will acquire Manx Telecom Group, the integrated incumbent digital-infrastructure telecom platform on the Isle of Man, from funds managed by Basalt Infrastructure Partners. The investment will be made through DIF Infrastructure VIII and is expected to close in Q4 2025, subject to customary closing conditions.

  • Buyer
    CVC Capital Partners
    Target
    Bamboo
    Seller
    White Mountains Insurance Group, Ltd.
    Industry
    Insurance
    Location
    United States
    Type
    Buyout

    White Mountains Insurance Group has signed a definitive agreement to sell a controlling interest in Bamboo, a data-enabled insurance distribution platform focused on homeowners’ insurance in California and Texas, to funds advised by CVC Capital Partners. The deal values Bamboo at $1.75 billion, with White Mountains retaining about a 15% fully-diluted equity stake post-closing; the transaction is expected to close by the end of Q4 2025 subject to regulatory approvals.

  • Buyer
    CVC DIF
    Target
    American Student Transportation Partners (ASTP)
    Seller
    Access Holdings
    Industry
    Transportation
    Location
    United States
    Type
    Buyout

    Access Holdings announced the sale of its student transportation platform, American Student Transportation Partners (ASTP), to funds managed by CVC DIF. The investment, made through DIF Infrastructure VII, is intended to help ASTP expand its contracted route-based services to more K-12 school districts across the United States.

  • Buyer
    CVC (CVC Asia Fund VI), Peak XV, Antler Elevate
    Target
    Airalo

    Airalo, the world’s largest eSIM provider, raised $220 million in a growth round led by CVC (via CVC Asia Fund VI) with participation from Peak XV and Antler Elevate, valuing the company at over $1 billion. The capital will be used to scale Airalo’s consumer app, expand unlimited and enterprise data offerings, and accelerate its enterprise/white-label connectivity platform.

  • Buyer
    CVC DIF, Tabreed
    Target
    PAL Cooling Holding
    Seller
    Multiply Group
    Industry
    Infrastructure
    Location
    Abu Dhabi, United Arab Emirates
    Type
    Buyout

    CVC DIF, the infrastructure strategy of private markets manager CVC, and Tabreed have agreed to acquire PAL Cooling Holding from Abu Dhabi’s Multiply Group in a transaction with an equity value of approximately AED 3.8 billion. The deal covers eight long-term district cooling concessions in Abu Dhabi (served by five operating plants with additional plants under construction/planning) and is intended to expand capacity and network presence in the Abu Dhabi district cooling market, subject to regulatory approvals.

  • Buyer
    CVC Capital Partners, Therme Group
    Target
    Therme Erding, Therme Bucharest, Therme Manchester (development)
    Location
    Bavaria, Germany

    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.

  • Buyer
    CVC
    Target
    Dream Games
    Seller
    Dream Games' initial venture capital partners (unnamed)
    Location
    Istanbul, Turkey
    Type
    Buyout

    CVC has agreed a strategic investment to become the sole equity partner in Dream Games, providing liquidity to the company's initial venture capital investors who will exit. Debt financing is being provided by funds managed by Blackstone and others; Dream Games will use the partnership to accelerate growth of its Royal games universe and expand globally. The transaction is subject to customary regulatory approvals and is expected to close in Q3 2025.

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