CVC Capital Partners is one of the world’s leading private equity and investment advisory firms. With a history of strategic acquisitions and investments spanning various industries, CVC has built a diversified portfolio that includes companies in healthcare, technology, consumer goods, and more.
This article delves into the companies owned by CVC Capital Partners and explores their history, leadership, and financial success.
Who Owns CVC Capital Partners?
It traces its origins to Citicorp Venture Capital, a subsidiary of Citibank. After a management buyout in 1993, CVC became an independent entity, growing into one of the largest private equity firms globally.
The firm’s ownership structure fosters a strong alignment of interests among its employees, management, and stakeholders. CVC Capital Partners is owned by its senior executives and employees and operates as an independent firm.
List of Companies Owned by CVC Capital Partners
CVC Capital Partners owns a vast portfolio of companies across multiple sectors and geographies. Here is a closer look at some of the prominent companies owned by CVC Capital Partners:
Petco
CVC Capital Partners holds a stake in Petco, a leading pet retailer in the United States. Petco operates an extensive network of stores and an e-commerce platform, offering a wide range of pet products and services.
This investment allows CVC to tap into the growing pet care market, which has shown resilience and consistent growth over the years, driven by increasing pet ownership and consumer spending on pet wellness.
Stock Spirits Group
Stock Spirits Group, established in 1884 in Trieste, Italy, is one of Europe’s largest alcohol beverage companies. The company offers a portfolio of over 70 brands, including Żołądkowa Gorzka, Lubelska, Božkov, Stock 84, Limoncè, Keglevich, 1906, Stock Prestige, and Grappa Distillerie Franciacorta.
These products are available in more than 50 countries worldwide, including the US and Canada. In November 2021, CVC Capital Partners acquired Stock Spirits Group, aiming to expand its presence in the European spirits market.
Formula 1
CVC previously owned a controlling stake in Formula 1, the premier global motorsport series. Although it sold most of its stake in 2016, this investment marked a high-profile chapter in CVC’s history.
Formula 1 under CVC’s stewardship expanded its commercial reach, enhanced broadcasting deals, and solidified its position as a top-tier sporting event with millions of fans worldwide.
Alvogen
Alvogen is a US-based pharmaceutical company founded in 2009, specializing in difficult-to-make generic drugs and injectables. The company operates in 35 countries and employs approximately 2,800 people.
Alvogen’s product portfolio includes a range of pharmaceuticals, focusing on injectables under its Almaject division. CVC Capital Partners and Temasek Holdings acquired a controlling stake in Alvogen in 2015, supporting its growth in the global pharmaceutical market.
Sisal Group
An Italian gaming and payment services provider, Sisal Group is a key investment in CVC’s portfolio. The company operates in lottery management, online gaming, and financial services.
Sisal has benefited from CVC’s expertise in streamlining operations and expanding its digital footprint, making it a leader in the European gaming industry.
System C Healthcare
System C Healthcare is a British supplier of health information technology systems and services, primarily serving National Health Service (NHS) organizations in the UK.
The company provides software solutions for electronic patient records, patient administration, and social care management. In 2021, CVC Capital Partners acquired System C from Symphony Technology Group, aiming to enhance healthcare IT solutions in the UK.
Since the acquisition, System C has expanded by acquiring WellSky International in 2021, Clevermed in 2023, and Oxford Computer Consultants in 2023.
PDC Energy
CVC has invested in PDC Energy, a leading oil and gas exploration company. This partnership supports sustainable energy initiatives and operational efficiency. Through this investment, CVC aims to foster innovation in energy production and ensure adherence to environmental, social, and governance (ESG) standards, while also delivering strong financial returns.
A Bathing Ape (BAPE)
A Bathing Ape, commonly known as BAPE, is a Japanese fashion brand founded in 1993, renowned for its streetwear clothing, accessories, and footwear. The brand has a significant influence on global street fashion and operates stores worldwide.
CVC Capital Partners acquired a majority stake in BAPE, aiming to expand its international presence and capitalize on the growing demand for streetwear fashion.
Anchor Glass
Anchor Glass is a US-based manufacturer of glass containers for the beverage and food industries. The company operates six manufacturing facilities and serves major brands in the industry. CVC Capital Partners acquired Anchor Glass to enhance its manufacturing capabilities and expand its presence in the packaging industry.
Douglas
Douglas, Europe’s leading premium beauty retailer, is another noteworthy investment. The company operates in over 20 countries, offering an extensive range of beauty and skincare products.
Under CVC’s ownership, Douglas has undergone a significant digital transformation, with a focus on e-commerce growth and personalized customer experiences, cementing its position as a leader in the beauty sector.
Aleph
Aleph is a leading global enabler of digital advertising in emerging countries, connecting advertisers with consumers in underserved markets. The company partners with major digital platforms to provide advertising solutions across various regions. CVC Capital Partners invested in Aleph to capitalize on the growth of digital advertising in emerging markets and support its global expansion.
Sunrise Communications
CVC has invested in Sunrise Communications, a Swiss telecommunications provider known for its innovation in mobile and broadband services. Sunrise Communications has leveraged CVC’s capital and strategic guidance to enhance its infrastructure, expand 5G coverage, and provide superior connectivity solutions to both residential and business customers.
RAC
CVC owns a significant stake in RAC, the UK-based roadside assistance and insurance company. RAC’s strong market presence and customer service focus align with CVC’s investment strategy.
With CVC’s backing, RAC has introduced innovative services like advanced telematics and digital solutions, ensuring it remains at the forefront of the automotive services industry.
Ahlsell
Ahlsell is a Swedish distributor of installation products, tools, and supplies, serving professionals in the construction, installation, and industrial sectors. The company operates in Sweden, Norway, Finland, Denmark, and Estonia. CVC Capital Partners acquired Ahlsell to strengthen its position in the Nordic distribution market and support its growth initiatives.
Samsonite
CVC has a history with Samsonite, a global leader in travel luggage. This investment reflects its interest in consumer goods and brand-building potential.
During its ownership, CVC supported Samsonite’s expansion into emerging markets and helped launch innovative products to meet the evolving needs of modern travelers.
Acronis
Acronis is a global technology company specializing in cyber protection solutions, including backup, disaster recovery, and secure file access. Founded in 2003, Acronis serves over 5.5 million consumers and 500,000 businesses worldwide.
CVC Capital Partners invested in Acronis to support its growth in the cybersecurity market and enhance its product offerings.
Breitling
Breitling is a Swiss luxury watchmaker established in 1884, known for its precision-made chronometers designed for aviators. The brand offers a range of high-end timepieces and has a strong global presence.
CVC Capital Partners acquired a majority stake in Breitling in 2017, aiming to expand its market share in the luxury watch industry and strengthen its brand positioning.
Aleatica
CVC owns Aleatica, a global leader in toll road infrastructure. The investment reflects a strategic focus on transportation and infrastructure development.
Aleatica has utilized CVC’s financial backing to modernize toll systems, improve road safety, and contribute to sustainable infrastructure projects in key markets worldwide.
Authentic Brands Group
Authentic Brands Group (ABG) is a brand development, marketing, and entertainment company that owns a portfolio of global media, entertainment, and lifestyle brands. Its holdings include renowned names such as Marilyn Monroe, Elvis Presley, and Sports Illustrated.
CVC Capital Partners invested in ABG to support its strategy of acquiring and managing iconic brands across various industries.
When Was CVC Capital Partners Founded?
CVC Capital Partners was founded in 1981 as Citicorp Venture Capital. Following its management buyout in 1993, it became an independent private equity firm. Over the decades, CVC has grown into a global powerhouse with investments spanning continents and industries.
Who Is the CEO of CVC Capital Partners?
The CEO of CVC Capital Partners is Ken Young, who has been instrumental in driving the firm’s growth and strategic direction. Under his leadership, CVC has expanded its global footprint and diversified its portfolio, solidifying its position as a leading private equity firm.
Where Is the Headquarters of CVC Capital Partners?
CVC Capital Partners’ headquarters is located in Luxembourg. Additionally, the firm has a robust global presence with offices in major financial hubs, including London, New York, Hong Kong, and Singapore, facilitating its worldwide operations and investments.
What Is the Annual Revenue of CVC Capital Partners?
CVC Capital Partners manages assets worth over $137 billion as of the latest reports. In 2024, the annual revenue of CVC Capital Partners was $88 million, the firm generates significant income through management fees, carried interest, and returns on investments, ranking it among the top private equity firms globally.
How Many Employees Does CVC Capital Partners Have?
CVC Capital Partners employs approximately 1,200 professionals globally. This diverse and highly skilled workforce supports its investment activities and ensures value creation across its portfolio companies.
Final Thoughts
CVC Capital Partners’ extensive portfolio and strategic investments have cemented its status as a leader in private equity. From luxury brands like Breitling to essential services like Sunrise Communications, its investments span a broad spectrum of industries.
Founded in 1981 and headquartered in Luxembourg, the firm’s success is driven by visionary leadership, a skilled workforce, and a commitment to sustainable growth. With a history of exceptional returns and transformative investments, CVC Capital Partners continues to shape the global private equity landscape.
FAQs
Is CVC Capital Partners focused on sustainable investments?
Yes, CVC Capital Partners places a strong emphasis on sustainability and ESG (Environmental, Social, and Governance) principles. The firm actively promotes environmentally friendly practices, ethical governance, and social responsibility across its investment portfolio to align with global sustainability goals.
How does CVC Capital Partners choose its investments?
CVC focuses on companies with strong growth potential, stable cash flows, and opportunities for operational improvements. They typically invest in businesses with a proven track record and a competitive edge in their respective markets.
What industries does CVC Capital Partners invest in?
CVC invests in a diverse range of industries, including healthcare, technology, retail, telecommunications, sports, and financial services. Their portfolio reflects a broad approach to investment, targeting both established and emerging sectors.
How long does CVC typically hold its investments?
CVC usually holds its investments for 5 to 10 years, depending on the company’s growth trajectory and market conditions. During this period, they work closely with management teams to implement strategic changes and drive value creation.
What is CVC’s approach to managing its portfolio companies?
CVC takes a hands-on approach to managing its portfolio companies, often providing operational support, strategic guidance, and access to its global network of industry experts. Their goal is to enhance the long-term value of each business.
Has CVC Capital Partners faced any controversies?
Like many large investment firms, CVC has faced scrutiny and criticism over certain deals. For example, their ownership of Formula 1 was criticized for prioritizing profits over the sport’s long-term health. However, CVC has also been praised for its ability to turn around struggling companies and deliver strong returns for investors.
What is CVC’s role in the sports industry?
CVC has made significant investments in the sports industry, including Formula 1, Six Nations Rugby, and other leagues. They focus on leveraging media rights, sponsorship deals, and global expansion to increase the value of these assets.
How does CVC Capital Partners impact the companies it acquires?
CVC often implements operational improvements, invests in technology, and expands market reach to drive growth in its portfolio companies. While some critics argue that private equity firms prioritize short-term profits, CVC emphasizes long-term value creation.
What is CVC’s geographic focus?
CVC operates globally, with investments in Europe, Asia, and the Americas. They have a strong presence in emerging markets, where they see significant growth opportunities.
How can I invest in CVC Capital Partners?
CVC primarily works with institutional investors, such as pension funds, sovereign wealth funds, and high-net-worth individuals. Retail investors typically cannot invest directly in CVC but may gain exposure through funds that include CVC-managed assets.