Deals
CVC Said to Begin Raising Record European Buyout Fund in 2017
- London-based firm said to plan to raise at least $14 billion
- Firm owns stakes in Formula One Racing, Douglas retail chain
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CVC Capital Partners, the U.K.’s largest private equity firm by assets, is in early talks with investors about raising a record amount for a European buyout fund, said people familiar with the matter.
The London-based buyout firm has held preliminary talks with backers about raising its seventh pool in the first half of 2017 with a target of 12.5 billion euros ($14.1 billion) and a cap of 15 billion euros, said the people, who asked not to be identified because the information is private. No final decisions have been made and the target may change, the people said.