Deals
CVC Raises EU10.5 Billion for Latest European Buyout Fund
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CVC Capital Partners Ltd., the private-equity owner of Formula One motor racing, amassed 10.5 billion euros ($13.8 billion) for a leveraged buyout fund, the largest raised by a European firm since the financial crisis.
The firm raised the maximum it sought after starting to gather pledges in January, London-based CVC said in a statement today. About 90 percent of the money came from investors in the firm’s previous funds, CVC added.