CVC Senior Executive Vuursteen to Leave Firm After 15 Years

CVC Capital Partners’s most senior employee in the Netherlands, Gijs Vuursteen, is leaving after 15 years at Europe’s largest buyout firm.

Vuursteen, a senior managing director based in Amsterdam, is to depart later this year, Rolly Van Rappard, co-founder and co-chairman of CVC, said in an e-mailed statement to Bloomberg, without giving further details. Vuursteen is the highest ranked team member in the office, according to the company’s website.

CVC, which has its head office in London, raised 10.5 billion euros ($11 billion) for its sixth fund in 2013, the largest pool of capital by a European-based firm since the financial crisis. The group has had a presence in the Netherlands since 1990 when it bought electronics group Heynen according to its website.

“We are very grateful for Gijs contribution over the past fifteen years,” Van Rappard said. “He has been a key part of our success in the Netherlands and was instrumental in helping to establish our office in the U.S.”

Vuursteen, who joined in 2000, was part of CVC’s North America team between 2007 and 2013, where he helped set up the operation, before returning to the Netherlands. While in the U.S., he worked on the firm’s buyouts of chemical distribution group Univar and gas station operator Pilot Travel Centers. Prior to joining CVC, he worked for management consultancy the Monitor Company.

Vuursteen did not respond to e-mail requests seeking comment.

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