Trend Results : CVC Capital
Blog Post Results (1-20 of 79)
FILTER RESULTS ►Report: F1 boss Ecclestone staring down bribery charges
Controversial Formula One boss Bernie Ecclestone is facing bribery charges from German prosecutors. The long-rumored indictments stem from the 2006 sale of the racing series from Germany's Bayern LB bank to CVC Capital partners. TheShow More Summary
Shares Fall in Betfair Group After Takeover Talks Fail
LONDON -- Betfair Group saw its share price fall over 6.5% in early trade this morning, with more than 60 pence knocked off its closing price of 895 pence yesterday, after it reported that takeover discussions with CVC Capital Partners,...Show More Summary
Betfair Says: Hah, $1.4 Billion Is Not Enough To Buy Us!
Online gambling company Betfair just turned down a bid worth $1.38 billion from CVC Capital Partners. We first saw the news over on The Next Web. CVC Capital Partners, the private equity firm that happens to be the largest shareholder in the Formula One Group, made an offer of 880 pence per share, valuing Betfair at around $1.4 billion. Show More Summary
Online gambling firm Betfair rejects $1.38b takeover bid from CVC, says it ‘undervalues’ the company
Internet betting exchange Betfair has today rejected an initial bid from CVC Capital Partners, a private equity firm that owns the Formula One Group, on the basis that it undervalued the publicly-listed... Keep reading ?
Indonesia, CVC’s Bright Spot
After last year’s mishaps in Australia, things are looking up for private-equity firm CVC Capital Partners in Asia as it prepares to exit a major investment in Indonesia.
Investors Led by CVC to Sell $1.4 Billion Stake in Indonesian Department Store Chain
The private equity group CVC Capital Partners is leading the sale of a 40 percent stake in Indonesia's Matahari Department Store that is expected to raise up to $1.36 billion, according to a term sheet.
CVC-owned Matahari launches up to $1.36 billion Indonesia offering: terms
KUALA LUMPUR/HONG KONG (Reuters) - CVC Capital Partners and PT Multipolar Tbk launched on Monday an up to $1.36 billion offering of shares in retailer PT Matahari Department Store, seeking to benefit from growing investor appetite for consumer stocks i...
CVC Hires Former Lloyds Banking C.E.O.
CVC Capital Partners, a European private equity firm, has tapped the former chief executive of Lloyds Banking Group, Eric Daniels, to be a senior adviser for its banking team.
CVC, RBS Sell Down Stake in Samsonite
European private-equity firm CVC Capital Partners Ltd. and Royal Bank of Scotland Group PLC have raised a combined US$289 million by selling shares in Hong Kong-listed U.S. luggage maker Samsonite International SA, according to a term sheet seen by Dow Jones Newswires on Monday.
CVC Mulls Majority Stake in Philippines Outsourcing Firm SPi
European private-equity firm CVC Capital Partners is considering bidding for a majority stake in SPi Global Holdings, the business outsourcing unit of Philippine Long Distance Telephone Co., in a deal worth over $300 million, a person with knowledge of the deal said Friday.
CVC Capital to Buy Cerved for $1.49 Billion
The European private equity firm has agreed to buy the Italian credit data and business intelligence company Cerved from two rival private equity firms, Bain Capital and Clessidra.
HSBC's Big Asset Sale in China
HSBC Holdings is selling its stake in Ping An Insurance. | CVC Capital Partners' Formula One investment is jeopardized by a legal battle. | Elizabeth Warren, Wall Street's least favorite senator-elect, may land an even more powerful role. | Henry M. Paulson Jr., a former Treasury secretary, writes about China in The New York Times.
Hazards of Formula One Extend Beyond the Racecourse
The British private equity firm CVC Capital Partners has been handsomely rewarded by its investment in Formula One, but lawsuits are now putting that investment in jeopardy.
Ecclestone and CVC face £409m lawsuit
Bernie Ecclestone and CVC Capital Partners, the company which he represents and which holds a majority stakeholding in F1, are facing a £409m lawsuit from American firm Bluewaters Communications Holdings. The company was one of those which failed to buy a controlling stake in the sport, when CVC was the winning bidder in 2006.
Chairman of CVC Capital Partners to Retire
Michael Smith, who joined CVC in the early 1980s when it was part of Citicorp, will be succeeded by Donald Mackenzie, Rolly van Rappard and Steve Koltes, who will act as co-chairmen of the company.
CVC Pulls MacKenzie From Nine’s Board
Private equity firm CVC Capital Partners has pulled its outgoing head of Australia and New Zealand from the board of directors of Nine Entertainment.
CVC’s Australian and New Zealand Head to Depart
CVC Capital Partners’ head of Australia and New Zealand, Adrian MacKenzie, will leave the firm at the end of December, according to a memo sent to the firm’s investors seen by Deal Journal Australia.
CVC Sells Down Its Stake In Formula One
In March of 2012, private equity firm CVC Capital owned a 63.4 percent stake in Formula One, and rumor had it that CVC was looking to reduce its ownership in the sport. Last month, CVC sold a $1.6 billion stake in F1 to three investment groups, and now Autosport (via Autoblog) is reporting that CVC has sold down an additional $500 million in F1...
Report: CVC sells off 21 percent of Formula One
It may be a while before Bernie Ecclestone is successful in his plans to float Formula One on the Singapore Stock Exchange, but that doesn't mean that he and his employers at CVC Capital Partners can't begin selling off chunks of their...Show More Summary
F1 IPO To Be Sold Via Stapled Securites
Formula One Group, the motor racing franchise owned by private equity firm CVC Capital Partners Ltd., will sell stapled securities in its more than US$2.5 billion Singapore initial public offering, people familiar with the situation said Thursday, a move aimed at retaining its U.K. tax benefits and keeping more cash for the company's future growth plans.
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